ADS-TEC Energy (NASDAQ:ADSE) Trading Down 2.5% – Should You Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) traded down 2.5% during mid-day trading on Friday . The company traded as low as $13.64 and last traded at $13.70. 23,736 shares were traded during trading, a decline of 85% from the average session volume of 161,193 shares. The stock had previously closed at $14.05.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

ADS-TEC Energy Stock Down 2.3 %

The company has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $14.03.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ADSE. Bank of America Corp DE bought a new stake in shares of ADS-TEC Energy in the 4th quarter worth approximately $53,000. Robert Bosch GmbH acquired a new position in ADS-TEC Energy in the fourth quarter worth approximately $162,273,000. Mirabella Financial Services LLP increased its holdings in shares of ADS-TEC Energy by 1,521.8% in the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after buying an additional 10,385,428 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at $621,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at $313,000. 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.