ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down - What's Next?

Key Points

• ADS-TEC Energy's stock price gapped down from $11.57 to $11.23 prior to trading, and last traded at $11.39 with a trading volume of 2,322 shares.
• Recent analyst ratings reflect a mix of opinions: Weiss Ratings reaffirmed a "sell" rating, while Wall Street Zen upgraded it to a "hold," resulting in a current consensus rating of "Moderate Buy."
• Significant institutional activity includes GAMMA Investing LLC increasing its stake by 1,420.5%, showcasing strong interest from large investors.

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.57, but opened at $11.23. ADS-TEC Energy shares last traded at $11.39, with a volume of 2,322 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSE. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ADS-TEC Energy in a research report on Wednesday. Wall Street Zen raised ADS-TEC Energy from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

ADS-TEC Energy Stock Down 3.4%

The stock has a fifty day moving average of $11.07 and a 200 day moving average of $11.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADSE. Bank of America Corp DE purchased a new position in ADS-TEC Energy in the 4th quarter worth approximately $53,000. GAMMA Investing LLC increased its stake 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 worth $1,018,000 after acquiring an additional 63,411 shares during the last quarter. Simplex Trading LLC bought a new stake in ADS-TEC Energy in the 2nd quarter worth approximately $83,000. JPMorgan Chase & Co. increased its stake in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock worth $173,000 after acquiring an additional 3,133 shares during the last quarter. Finally, First Trust Advisors LP increased its stake 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 worth $1,886,000 after acquiring an additional 3,183 shares during the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.

About ADS-TEC Energy

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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