Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) fell 5.3% during mid-day trading on Thursday . The company traded as low as $10.50 and last traded at $10.41. 8,134 shares changed hands during trading, a decline of 92% from the average session volume of 107,912 shares. The stock had previously closed at $10.99.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut ADS-TEC Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.
View Our Latest Research Report on ADSE
ADS-TEC Energy Trading Down 3.9%
The company has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $13.49.
Institutional Investors Weigh In On ADS-TEC Energy
Several hedge funds and other institutional investors have recently modified their holdings of ADSE. Raymond James Financial Inc. bought a new stake in shares of ADS-TEC Energy during the fourth quarter valued at about $621,000. 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 buying an additional 1,185 shares during the period. Geode Capital Management LLC grew its holdings in shares of ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock worth $552,000 after purchasing an additional 3,771 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of ADS-TEC Energy during the fourth quarter worth about $313,000. Finally, Mirabella Financial Services LLP grew its holdings in shares of 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 purchasing an additional 10,385,428 shares in the last quarter. 51.65% of the stock is currently owned by institutional investors.
ADS-TEC Energy Company Profile
(
Get Free Report)
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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