ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shares dropped 5.7% during trading on Monday . The company traded as low as $11.74 and last traded at $11.51. Approximately 21,147 shares traded hands during trading, a decline of 81% from the average daily volume of 114,110 shares. The stock had previously closed at $12.20.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.
Get Our Latest Stock Analysis on ADS-TEC Energy
ADS-TEC Energy Trading Down 8.3%
The business has a fifty day moving average of $11.76 and a 200-day moving average of $13.17.
Hedge Funds Weigh In On ADS-TEC Energy
Several hedge funds and other institutional investors have recently modified their holdings of ADSE. JPMorgan Chase & Co. grew its holdings in ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after purchasing an additional 1,185 shares during the period. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at approximately $53,000. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after purchasing an additional 3,771 shares during the period. Renaissance Technologies LLC bought a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $313,000. Finally, Raymond James Financial Inc. bought a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $621,000. Hedge funds and other institutional investors own 51.65% of the company's stock.
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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