ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $12.52, but opened at $12.21. ADS-TEC Energy shares last traded at $12.39, with a volume of 6,423 shares changing hands.
Analyst Ratings Changes
Separately, Roth Capital raised ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Stock Analysis on ADS-TEC Energy
ADS-TEC Energy Stock Up 6.6 %
The firm's 50 day simple moving average is $13.88 and its 200 day simple moving average is $14.18.
Institutional Investors Weigh In On ADS-TEC Energy
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased 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 valued at $53,000. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy in the fourth quarter valued at $69,000. Renaissance Technologies LLC bought a new stake in ADS-TEC Energy in the fourth quarter worth $313,000. Finally, Geode Capital Management LLC raised its stake 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 valued at $425,000 after purchasing an additional 4,154 shares in the last quarter. 51.65% of the stock is currently owned by hedge funds and other institutional investors.
About ADS-TEC Energy
(
Get Free Report)
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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