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ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down - Time to Sell?

ADS-TEC Energy logo with Business Services background

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $13.05, but opened at $12.70. ADS-TEC Energy shares last traded at $13.18, with a volume of 783 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

Read Our Latest Research Report on ADSE

ADS-TEC Energy Stock Performance

The firm's fifty day moving average is $12.37 and its 200 day moving average is $13.70.

Institutional Trading of ADS-TEC Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings 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 buying an additional 63,411 shares during the period. Robert Bosch GmbH acquired a new stake in ADS-TEC Energy in the 4th quarter worth about $162,273,000. Renaissance Technologies LLC acquired a new stake in ADS-TEC Energy in the 4th quarter worth about $313,000. Raymond James Financial Inc. acquired a new stake in ADS-TEC Energy in the 4th quarter worth about $621,000. Finally, JPMorgan Chase & Co. raised its stake in ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after purchasing an additional 1,185 shares in the last quarter. Institutional investors own 51.65% of the company's stock.

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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