ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $12.99, but opened at $12.44. ADS-TEC Energy shares last traded at $12.71, with a volume of 986 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Roth Capital upgraded ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Research Report on ADS-TEC Energy
ADS-TEC Energy Stock Down 1.3%
The stock has a 50 day simple moving average of $12.94 and a two-hundred day simple moving average of $14.00.
Institutional Investors Weigh In On ADS-TEC Energy
A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of ADS-TEC Energy by 1,420.5% during the 1st quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock worth $1,018,000 after purchasing an additional 63,411 shares during the last quarter. Bank of America Corp DE purchased a new stake in ADS-TEC Energy during the 4th quarter worth $53,000. Robert Bosch GmbH purchased a new stake in ADS-TEC Energy during the 4th quarter worth $162,273,000. Mirabella Financial Services LLP grew its stake in shares of ADS-TEC Energy by 1,521.8% during the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company's stock valued at $171,663,000 after acquiring an additional 10,385,428 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ADS-TEC Energy during the fourth quarter valued at about $621,000. Hedge funds and other institutional investors own 51.65% of the company's stock.
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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