ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down to $12.50

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down prior to trading on Monday . The stock had previously closed at $12.50, but opened at $12.24. ADS-TEC Energy shares last traded at $12.42, with a volume of 13,592 shares trading hands.

Analysts Set New Price Targets

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

ADS-TEC Energy Trading Down 1.3 %

The company’s fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $11.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC acquired a new position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,200 shares of the company’s stock, valued at approximately $149,000. 51.65% of the stock is currently owned by institutional investors.

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.