ADS-TEC Energy (NASDAQ:ADSE) Shares Down 5.1% – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price traded down 5.1% during trading on Monday . The stock traded as low as $13.69 and last traded at $13.80. 35,810 shares were traded during trading, a decline of 81% from the average session volume of 188,041 shares. The stock had previously closed at $14.54.

ADS-TEC Energy Stock Performance

The business has a 50 day moving average of $14.86 and a 200-day moving average of $13.74.

Institutional Trading of ADS-TEC Energy

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,185 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of ADS-TEC Energy during the 4th quarter valued at about $69,000. Geode Capital Management LLC grew its holdings in ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares during the period. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at $621,000. Finally, Mirabella Financial Services LLP grew its stake in shares of ADS-TEC Energy by 10.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after buying an additional 67,043 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.