ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price traded down 6.5% on Thursday . The stock traded as low as $9.68 and last traded at $9.57. 5,886 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 105,817 shares. The stock had previously closed at $10.23.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".
Read Our Latest Research Report on ADS-TEC Energy
ADS-TEC Energy Trading Down 1.7%
The business's fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $12.09.
Hedge Funds Weigh In On ADS-TEC Energy
A number of institutional investors have recently modified their holdings of the business. Mirabella Financial Services LLP grew its position in ADS-TEC Energy by 7.0% in the 2nd quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock valued at $227,352,000 after buying an additional 1,076,423 shares during the last quarter. GAMMA Investing LLC grew its position in ADS-TEC Energy by 1,420.5% in the 1st quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock valued at $1,018,000 after buying an additional 63,411 shares during the last quarter. Simplex Trading LLC purchased a new position in ADS-TEC Energy in the 2nd quarter valued at $83,000. Bank of America Corp DE purchased a new position in ADS-TEC Energy in the 4th quarter valued at $53,000. Finally, First Trust Advisors LP grew its position in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock valued at $1,886,000 after buying an additional 3,183 shares during the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.
ADS-TEC Energy Company Profile
(
Get Free Report)
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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