ADS-TEC Energy (NASDAQ:ADSE) Shares 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.

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price was down 9.5% during mid-day trading on Tuesday . The stock traded as low as $11.89 and last traded at $11.75. Approximately 39,080 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 107,643 shares. The stock had previously closed at $12.98.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded ADS-TEC Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. One equities 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 Stock Down 4.5%

The firm has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $12.60.

Hedge Funds Weigh In On ADS-TEC Energy

Several institutional investors have recently bought and sold shares of ADSE. JPMorgan Chase & Co. increased its position in shares of ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock valued at $32,000 after acquiring an additional 1,185 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the fourth quarter valued at approximately $53,000. Simplex Trading LLC acquired a new position in shares of ADS-TEC Energy in the 2nd quarter valued at $83,000. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy during the 4th quarter worth $621,000. Finally, GAMMA Investing LLC increased its stake 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 valued at $1,018,000 after acquiring an additional 63,411 shares during the last quarter. Hedge funds and other institutional investors 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.