ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s share price traded down 5.7% during mid-day trading on Monday . The stock traded as low as $11.74 and last traded at $11.51. 21,147 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 114,110 shares. The stock had previously closed at $12.20.
Analyst Ratings Changes
Separately, Wall Street Zen cut ADS-TEC Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.
View Our Latest Research Report on ADS-TEC Energy
ADS-TEC Energy Trading Up 3.0%
The firm has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $13.08.
Hedge Funds Weigh In On ADS-TEC Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADSE. JPMorgan Chase & Co. lifted its stake in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,185 shares during the period. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy in the 4th quarter worth approximately $53,000. Simplex Trading LLC bought a new position in shares of ADS-TEC Energy in the second quarter valued at $83,000. Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at $313,000. Finally, Geode Capital Management LLC lifted its stake in ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after buying an additional 3,771 shares in the last quarter. 51.65% of the stock is owned by institutional investors.
ADS-TEC Energy Company Profile
(
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ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.
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