ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 6.1% – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were down 6.1% on Tuesday . The company traded as low as $14.45 and last traded at $14.08. Approximately 27,259 shares changed hands during trading, a decline of 72% from the average daily volume of 97,323 shares. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

The firm’s 50 day simple moving average is $14.76 and its 200 day simple moving average is $14.19.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,185 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at approximately $53,000. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at approximately $69,000. Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy in the 4th quarter worth $313,000. Finally, Geode Capital Management LLC raised its position in 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 period. 51.65% of the stock is currently owned by institutional investors and hedge funds.

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.