ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $9.74. ADS-TEC Energy shares last traded at $9.22, with a volume of 73,939 shares changing hands.
Wall Street Analyst Weigh In
Separately, Roth Capital raised shares of ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Stock Analysis on ADSE
ADS-TEC Energy Stock Performance
The company's 50-day moving average price is $12.64 and its 200-day moving average price is $13.93.
Institutional Trading of ADS-TEC Energy
Several hedge funds have recently made changes to their positions in ADSE. Robert Bosch GmbH acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $162,273,000. Mirabella Financial Services LLP increased 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 worth $171,663,000 after buying an additional 10,385,428 shares during the period. GAMMA Investing LLC increased its stake in shares of ADS-TEC Energy by 1,420.5% during the first 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. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth approximately $621,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth approximately $313,000. Institutional investors and hedge funds 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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