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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares fell 6.1% during mid-day trading on Tuesday . The company traded as low as $11.16 and last traded at $11.16. 1,817 shares were traded during trading, a decline of 81% from the average session volume of 9,629 shares. The stock had previously closed at $11.89.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Sell”.

ADS-TEC Energy Stock Performance

The business’s 50 day simple moving average is $11.43 and its 200 day simple moving average is $11.53.

ADS-TEC Energy (NASDAQ:ADSE) last posted its quarterly earnings data on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The business had revenue of $9.90 million for the quarter.

Institutional Trading of ADS-TEC Energy

A number of hedge funds have recently made changes to their positions in the stock. Mirabella Financial Services LLP increased its holdings in ADS-TEC Energy by 5.4% in the third quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock worth $208,442,000 after buying an additional 889,708 shares during the last quarter. Anson Funds Management LP increased its holdings in ADS-TEC Energy by 224.2% in the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after buying an additional 211,360 shares during the last quarter. First Trust Advisors LP increased its holdings in ADS-TEC Energy by 2.4% in 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. BNP Paribas Financial Markets increased its holdings in ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after buying an additional 2,411 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in ADS-TEC Energy by 33.3% in 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. 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.