ADS-TEC Energy (NASDAQ:ADSE) Trading Down 6.1% – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were down 6.1% on Tuesday . The stock traded as low as $14.45 and last traded at $14.08. Approximately 27,259 shares were traded 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 upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

ADS-TEC Energy Stock Down 8.8 %

The firm has a fifty day simple moving average of $14.82 and a 200-day simple moving average of $14.18.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ADSE. Geode Capital Management LLC boosted its holdings in ADS-TEC Energy by 15.0% during the 3rd 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 last quarter. GAMMA Investing LLC purchased a new stake in ADS-TEC Energy in the 4th quarter valued at about $69,000. Raymond James Financial Inc. bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $621,000. JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 1,185 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy in the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

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.