ADS-TEC Energy (NASDAQ:ADSE) Trading Down 15.4%

ADS-TEC Energy PLC (NASDAQ:ADSE) was down 15.4% during mid-day trading on Thursday . The company traded as low as $10.19 and last traded at $11.00. Approximately 100,001 shares were traded during mid-day trading, an increase of 59% from the average daily volume of 62,709 shares. The stock had previously closed at $13.00.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “neutral” rating and issued a $14.00 target price on shares of ADS-TEC Energy in a research report on Wednesday, May 15th.

ADS-TEC Energy Price Performance

The stock has a 50 day simple moving average of $12.26 and a two-hundred day simple moving average of $11.09.

Institutional Trading of ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC acquired a new stake in ADS-TEC Energy PLC (NASDAQ:ADSE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,200 shares of the company’s stock, valued at approximately $149,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.