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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.87, but opened at $10.09. ADS-TEC Energy shares last traded at $11.2380, with a volume of 778 shares traded.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Down 1.1%

The firm’s fifty day moving average price is $11.28 and its 200 day moving average price is $11.43.

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

Institutional Trading of ADS-TEC Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 5.4% during 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 in the last quarter. Anson Funds Management LP boosted 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 buying an additional 211,360 shares in the last quarter. BNP Paribas Financial Markets boosted 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 buying an additional 2,411 shares in the last quarter. First Trust Advisors LP boosted 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 buying an additional 3,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 buying an additional 3,133 shares in 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.