ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price was up 7.7% on Friday . The company traded as high as $11.26 and last traded at $11.37. Approximately 56,697 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 108,413 shares. The stock had previously closed at $10.56.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.
Read Our Latest Report on ADS-TEC Energy
ADS-TEC Energy Price Performance
The firm's 50-day moving average is $11.88 and its 200 day moving average is $13.42.
Hedge Funds Weigh In On ADS-TEC Energy
A number of institutional investors and hedge funds have recently made changes to their positions in ADSE. Robert Bosch GmbH purchased a new position in ADS-TEC Energy in the 4th quarter valued at about $162,273,000. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 1,521.8% in the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company's stock valued at $171,663,000 after acquiring an additional 10,385,428 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 worth $1,018,000 after purchasing an additional 63,411 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the 4th quarter worth about $621,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy during the 4th quarter worth about $313,000. 51.65% of the stock is owned by institutional investors and hedge funds.
About ADS-TEC Energy
(
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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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