ADS-TEC Energy (NASDAQ:ADSE) Trading 6.1% Higher – Here’s Why
by Michael Walen · The Markets DailyADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report)’s stock price was up 6.1% during mid-day trading on Monday . The company traded as high as $11.25 and last traded at $11.7760. Approximately 3,998 shares traded hands during trading, a decline of 72% from the average daily volume of 14,477 shares. The stock had previously closed at $11.10.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Analysis on ADS-TEC Energy
ADS-TEC Energy Price Performance
The firm has a fifty day moving average of $11.76 and a 200 day moving average of $11.25.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in ADSE. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the fourth quarter worth approximately $53,000. Simplex Trading LLC purchased a new stake in ADS-TEC Energy during the 2nd quarter valued at $83,000. JPMorgan Chase & Co. raised its stake in ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after buying an additional 3,133 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after buying an additional 3,183 shares during the period. Finally, Mirabella Financial Services LLP boosted its stake in shares of ADS-TEC Energy by 7.0% in the 2nd quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock worth $227,352,000 after buying an additional 1,076,423 shares during the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.
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.