ADS-TEC Energy (NASDAQ:ADSE) Shares Down 4.8% – Here’s What Happened

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) dropped 4.8% on Tuesday . The stock traded as low as $12.08 and last traded at $12.1250. Approximately 629 shares traded hands during trading, a decline of 99% from the average daily volume of 98,272 shares. The stock had previously closed at $12.74.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ADS-TEC Energy Trading Down 2.9%

The company’s fifty day moving average is $10.91 and its 200-day moving average is $11.22.

Institutional Trading of ADS-TEC Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirabella Financial Services LLP increased its holdings in ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after buying an additional 1,076,423 shares in the last quarter. Anson Funds Management LP boosted its stake in shares of ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after acquiring an additional 211,360 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of ADS-TEC Energy during the 2nd quarter valued at about $83,000. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $53,000. Finally, First Trust Advisors LP raised its holdings in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.

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.