ADS-TEC Energy (NASDAQ:ADSE) Trading Down 5% – Time to Sell?
by Doug Wharley · The Cerbat GemADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) shares were down 5% during trading on Tuesday . The company traded as low as $11.23 and last traded at $12.0850. Approximately 12,404 shares changed hands during trading, a decline of 87% from the average daily volume of 93,798 shares. The stock had previously closed at $12.72.
Analyst Upgrades and Downgrades
ADSE has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, ADS-TEC Energy presently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on ADS-TEC Energy
ADS-TEC Energy Price Performance
The stock has a fifty day simple moving average of $11.31 and a 200-day simple moving average of $11.34.
Institutional Investors Weigh In On ADS-TEC Energy
Several institutional investors have recently bought and sold shares of ADSE. BNP Paribas Financial Markets lifted its stake in ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after purchasing an additional 2,411 shares in the last quarter. Bank of America Corp DE purchased a new position in ADS-TEC Energy during the fourth quarter worth approximately $53,000. Simplex Trading LLC purchased a new position in ADS-TEC Energy during the second quarter worth approximately $83,000. JPMorgan Chase & Co. boosted its stake in ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in ADS-TEC Energy by 2.4% during the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares during the last quarter. 51.65% of the stock is currently owned by institutional investors and hedge funds.
About ADS-TEC Energy
ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.
ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.