ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 3.5% - Here's Why

Key Points

• Shares of ADS-TEC Energy fell 3.5% on Monday, trading as low as $10.00 after a significant drop in trading volume, reflecting a decline of 95% from its average daily volume.
• Recent analyst reports show mixed ratings, with Weiss Ratings maintaining a "sell (d-)" rating, while Wall Street Zen upgraded the stock from "sell" to "hold," contributing to a current consensus rating of "Moderate Buy."
• Institutional investors hold about 51.65% of ADS-TEC Energy, with notable increases in holdings from firms like JPMorgan Chase and GAMMA Investing in recent quarters.

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) dropped 3.5% on Monday . The company traded as low as $10.00 and last traded at $10.47. Approximately 5,397 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 106,839 shares. The stock had previously closed at $10.84.

Analysts Set New Price Targets

ADSE has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of ADS-TEC Energy in a research report on Wednesday, October 8th. Wall Street Zen upgraded 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

ADS-TEC Energy Stock Performance

The business has a 50 day moving average of $11.01 and a 200-day moving average of $11.83.

Institutional Investors Weigh In On ADS-TEC Energy

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock worth $173,000 after buying an additional 3,133 shares in the last quarter. First Trust Advisors LP boosted its position in ADS-TEC Energy by 2.4% during 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. Bank of America Corp DE bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $53,000. Simplex Trading LLC acquired a new stake in shares of ADS-TEC Energy in the second quarter valued at approximately $83,000. Finally, GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 63,411 shares during the last quarter. 51.65% of the stock is owned by institutional investors.

ADS-TEC Energy Company Profile

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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