ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.67, but opened at $11.27. ADS-TEC Energy shares last traded at $11.50, with a volume of 5,773 shares.
Analysts Set New Price Targets
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 4.4%
The stock's 50-day simple moving average is $12.12 and its 200-day simple moving average is $13.55.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock valued at $32,000 after buying an additional 1,185 shares in the last quarter. Bank of America Corp DE bought a new position in ADS-TEC Energy in the 4th quarter worth about $53,000. Renaissance Technologies LLC bought a new position in ADS-TEC Energy in the 4th quarter worth about $313,000. Geode Capital Management LLC boosted its stake in ADS-TEC Energy by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock worth $552,000 after purchasing an additional 3,771 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in ADS-TEC Energy in the 4th quarter worth about $621,000. 51.65% of the stock is owned by hedge funds and other institutional investors.
About ADS-TEC Energy
(
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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