ADS-TEC Energy (NASDAQ:ADSE) Hits New 1-Year High – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) shares reached a new 52-week high on Wednesday . The company traded as high as $16.25 and last traded at $16.04, with a volume of 21395 shares traded. The stock had previously closed at $15.98.

ADS-TEC Energy Price Performance

The company’s 50-day simple moving average is $14.61 and its 200-day simple moving average is $13.57.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds have recently made changes to their positions in ADSE. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after acquiring an additional 67,043 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ADS-TEC Energy in the 4th quarter worth approximately $69,000. Finally, Geode Capital Management LLC boosted its stake in shares of ADS-TEC Energy by 15.0% in the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares during the last quarter. 51.65% of the stock is currently owned by institutional investors.

About ADS-TEC Energy

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.