ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shares 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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen cut ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.
Check Out Our Latest Research Report on ADSE
ADS-TEC Energy Stock Down 3.9%
The firm has a 50 day moving average price of $11.98 and a two-hundred day moving average price of $13.49.
Hedge Funds Weigh In On ADS-TEC Energy
Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 63,411 shares in the last quarter. Robert Bosch GmbH acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $162,273,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $313,000. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $621,000. Finally, 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 valued at $32,000 after purchasing an additional 1,185 shares in the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.
About ADS-TEC Energy
(
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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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