ADS-TEC Energy's (ADSE) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for ADS-TEC Energy, indicating ongoing concerns about the stock's performance.
• In contrast, Wall Street Zen upgraded ADS-TEC Energy from a "sell" rating to a "hold" rating, reflecting mixed analyst sentiment with a current consensus rating of "Moderate Buy."
• ADS-TEC Energy's stock price is currently at $10.26, with a trading volume significantly lower than its average, and institutional investors hold 51.65% of the stock.

ADS-TEC Energy (NASDAQ:ADSE - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of ADS-TEC Energy from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, ADS-TEC Energy presently has a consensus rating of "Moderate Buy".

ADS-TEC Energy Trading Up 0.1%

NASDAQ:ADSE traded up $0.01 during mid-day trading on Friday, reaching $10.26. The stock had a trading volume of 24,377 shares, compared to its average volume of 105,655. The business's 50 day moving average is $10.81 and its 200 day moving average is $11.64. ADS-TEC Energy has a fifty-two week low of $7.89 and a fifty-two week high of $16.35.

Institutional Trading of ADS-TEC Energy

Large investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock valued at $1,886,000 after buying an additional 3,183 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock worth $173,000 after purchasing an additional 3,133 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth approximately $53,000. Mirabella Financial Services LLP grew its holdings in ADS-TEC Energy by 7.0% during the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock worth $227,352,000 after buying an additional 1,076,423 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in ADS-TEC Energy in the 2nd quarter valued at $83,000. 51.65% of the stock is owned by institutional investors and hedge funds.

ADS-TEC Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.