ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shares dropped 2.5% during trading on Tuesday . The stock traded as low as $12.30 and last traded at $12.19. Approximately 10,389 shares traded hands during trading, a decline of 90% from the average daily volume of 100,777 shares. The stock had previously closed at $12.50.
Analysts Set New Price Targets
Separately, Roth Capital upgraded ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Stock Report on ADS-TEC Energy
ADS-TEC Energy Price Performance
The business's 50 day moving average is $13.83 and its 200 day moving average is $14.19.
Institutional Investors Weigh In On ADS-TEC Energy
A number of large investors have recently made changes to their positions in ADSE. JPMorgan Chase & Co. raised its stake in ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,185 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the fourth quarter worth about $53,000. GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $69,000. Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy in the fourth quarter valued at approximately $313,000. Finally, Geode Capital Management LLC increased its holdings in ADS-TEC Energy by 15.0% in the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company's stock worth $425,000 after buying an additional 4,154 shares during the period. 51.65% of the stock is owned by hedge funds and other institutional investors.
ADS-TEC Energy Company Profile
(
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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.
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