ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shares dropped 5.3% during mid-day trading on Thursday . The stock traded as low as $10.50 and last traded at $10.41. Approximately 8,134 shares changed hands during trading, a decline of 92% from the average daily volume of 107,912 shares. The stock had previously closed at $10.99.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.
Read Our Latest Research Report on ADSE
ADS-TEC Energy Stock Up 0.3%
The business's 50 day moving average is $11.88 and its 200-day moving average is $13.40.
Institutional Investors Weigh In On ADS-TEC Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Robert Bosch GmbH bought a new position in ADS-TEC Energy during the 4th quarter worth about $162,273,000. Mirabella Financial Services LLP increased its holdings in 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 last quarter. GAMMA Investing LLC grew its position in shares of ADS-TEC Energy by 1,420.5% in 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 period. Raymond James Financial Inc. bought a new position in ADS-TEC Energy during the fourth quarter worth about $621,000. Finally, Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy in the fourth quarter valued at about $313,000. Institutional investors and hedge funds own 51.65% of the company's stock.
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.
Further Reading
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