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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price fell 6.1% during mid-day trading on Tuesday . The company traded as low as $11.16 and last traded at $11.16. 1,817 shares changed hands during trading, a decline of 81% from the average session volume of 9,629 shares. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

ADS-TEC Energy Stock Down 1.3%

The firm’s 50 day moving average is $11.37 and its 200-day moving average is $11.51.

ADS-TEC Energy (NASDAQ:ADSE) last released its quarterly earnings data on Monday, April 13th. The company reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $9.90 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ADSE. BNP Paribas Financial Markets lifted its position in ADS-TEC Energy by 1,205.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares during the last quarter. Bank of America Corp DE acquired a new position in ADS-TEC Energy during the 4th quarter worth $53,000. JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after acquiring an additional 3,133 shares during the last quarter. First Trust Advisors LP lifted its position in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after acquiring an additional 3,183 shares during the last quarter. Finally, Anson Funds Management LP lifted its position in ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after acquiring an additional 211,360 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.