ADS-TEC Energy (NASDAQ:ADSE) Trading Down 9.5% - Should You Sell?

Key Points

• ADS-TEC Energy's stock price fell by 9.5% to $11.75 amidst a significant drop in trading volume, marking a decline from its previous close of $12.98.
• Wall Street analysts have downgraded ADS-TEC Energy from a "hold" to a "sell" rating, although it still holds a consensus rating of "Strong Buy" from one analyst.
• Institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., have significantly increased their holdings in ADS-TEC Energy, with 51.65% of the stock now owned by hedge funds and institutions.

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) fell 9.5% during mid-day trading on Tuesday . The stock traded as low as $11.89 and last traded at $11.75. 39,080 shares changed hands during trading, a decline of 64% from the average session volume of 107,643 shares. The stock had previously closed at $12.98.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of "Strong Buy".

ADS-TEC Energy Trading Down 3.5%

The company's fifty day moving average is $11.68 and its 200 day moving average is $12.55.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 7.0% during the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock worth $227,352,000 after purchasing an additional 1,076,423 shares during the last quarter. First Trust Advisors LP raised its position in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock valued at $1,886,000 after purchasing an additional 3,183 shares during the period. GAMMA Investing LLC raised its position in shares of ADS-TEC Energy by 1,420.5% in the first quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock valued at $1,018,000 after purchasing an additional 63,411 shares during the period. JPMorgan Chase & Co. raised its position in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock valued at $173,000 after purchasing an additional 3,133 shares during the period. Finally, Simplex Trading LLC bought a new position in shares of ADS-TEC Energy in the second quarter valued at about $83,000. Institutional investors and hedge funds own 51.65% of the company's stock.

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.