ADS-TEC Energy (NASDAQ:ADSE) Shares Down 6.1% – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price fell 6.1% during mid-day trading on Tuesday . The company traded as low as $14.45 and last traded at $14.08. 27,259 shares were traded during mid-day trading, a decline of 72% from the average session volume of 97,323 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

Separately, Roth Capital raised shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Price Performance

The firm has a 50 day moving average of $14.82 and a two-hundred day moving average of $14.18.

Institutional Investors Weigh In On ADS-TEC Energy

Several hedge funds have recently added to or reduced their stakes in ADSE. Robert Bosch GmbH bought a new position in shares of ADS-TEC Energy during the fourth quarter valued at $162,273,000. Mirabella Financial Services LLP raised its position in ADS-TEC Energy by 1,521.8% during the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ADS-TEC Energy in the 4th quarter valued at about $621,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at about $313,000. Finally, GAMMA Investing LLC bought a new position in shares of ADS-TEC Energy during the fourth quarter worth about $69,000. 51.65% of the stock is currently owned by institutional investors and hedge funds.

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.