ADS-TEC Energy (NASDAQ:ADSE) Sets New 52-Week High – Should You Buy?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) hit a new 52-week high on Wednesday . The company traded as high as $16.32 and last traded at $15.71, with a volume of 358 shares traded. The stock had previously closed at $15.61.

ADS-TEC Energy Stock Up 0.8 %

The company has a 50 day moving average price of $14.39 and a 200-day moving average price of $13.45.

Hedge Funds Weigh In On ADS-TEC Energy

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after acquiring an additional 4,154 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of ADS-TEC Energy in the 4th quarter valued at $69,000. Finally, Mirabella Financial Services LLP raised its stake in ADS-TEC Energy by 10.9% during the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after buying an additional 67,043 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

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.