ADS-TEC Energy (NASDAQ:ADSE) Trading Down 7.6% – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares traded down 7.6% during mid-day trading on Monday . The stock traded as low as $11.30 and last traded at $11.09. 15,278 shares were traded during mid-day trading, a decline of 85% from the average session volume of 99,259 shares. The stock had previously closed at $12.01.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Price Performance

The firm’s 50-day moving average is $14.57 and its 200 day moving average is $14.23.

Institutional Trading of ADS-TEC Energy

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in ADS-TEC Energy by 132.6% in the 4th 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 last quarter. Bank of America Corp DE bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $53,000. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after acquiring an additional 3,771 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at approximately $69,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ADS-TEC Energy in the fourth quarter worth $313,000. 51.65% of the stock is currently owned by institutional investors.

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.