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

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Tuesday . The stock had previously closed at $12.08, but opened at $11.38. ADS-TEC Energy shares last traded at $11.72, with a volume of 931 shares trading hands.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Trading Down 0.9%

The firm’s fifty day moving average is $11.63 and its 200-day moving average is $11.55.

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

Institutional Investors Weigh In On ADS-TEC Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP raised its position in ADS-TEC Energy by 5.4% in the 3rd quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock valued at $208,442,000 after purchasing an additional 889,708 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of ADS-TEC Energy by 2.4% during the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after buying an additional 3,133 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets increased its stake in shares of ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after buying an additional 2,411 shares in the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

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.