ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s share price fell 8.3% during trading on Monday . The company traded as low as $11.17 and last traded at $11.19. 54,475 shares changed hands during trading, a decline of 34% from the average session volume of 82,104 shares. The stock had previously closed at $12.20.
Analyst Ratings Changes
Separately, Wall Street Zen lowered ADS-TEC Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.
Check Out Our Latest Stock Report on ADS-TEC Energy
ADS-TEC Energy Stock Up 3.0%
The stock's 50 day moving average is $11.69 and its 200-day moving average is $13.12.
Institutional Investors Weigh In On ADS-TEC Energy
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in 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. Bank of America Corp DE bought a new stake in shares of ADS-TEC Energy in the 4th quarter worth approximately $53,000. Simplex Trading LLC purchased a new stake in shares of ADS-TEC Energy in the 2nd quarter worth approximately $83,000. Renaissance Technologies LLC bought a new position in ADS-TEC Energy during the 4th quarter valued at approximately $313,000. Finally, Geode Capital Management LLC raised its stake in ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after buying an additional 3,771 shares during the last quarter. 51.65% of the stock is currently owned by institutional investors.
About ADS-TEC Energy
(
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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