ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down before the market opened on Wednesday . The stock had previously closed at $11.47, but opened at $11.05. ADS-TEC Energy shares last traded at $11.2340, with a volume of 281 shares trading hands.

Analyst Ratings Changes

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

ADS-TEC Energy Trading Down 2.9%

The business has a fifty day moving average of $11.56 and a 200-day moving average of $11.61.

ADS-TEC Energy (NASDAQ:ADSE) last released its earnings results on Monday, April 13th. The company reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $9.90 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in ADS-TEC Energy by 1,205.5% during the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares during the period. Bank of America Corp DE acquired a new position in ADS-TEC Energy during the fourth quarter worth about $53,000. JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 3,133 shares during the period. First Trust Advisors LP grew its holdings 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 acquiring an additional 3,183 shares during the period. Finally, Anson Funds Management LP grew its holdings in ADS-TEC Energy by 224.2% during the third 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 during the period. 51.65% of the stock is owned by institutional investors and hedge funds.

ADS-TEC Energy Company Profile

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.