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

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

Wall Street Analysts Forecast Growth

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

ADS-TEC Energy Stock Down 2.3 %

The business’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $14.05.

Institutional Trading of ADS-TEC Energy

Several institutional investors have recently added to or reduced their stakes in ADSE. Robert Bosch GmbH acquired a new stake in shares of ADS-TEC Energy in the 4th quarter valued at about $162,273,000. Mirabella Financial Services LLP increased its position in shares of ADS-TEC Energy by 1,521.8% during the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after acquiring an additional 10,385,428 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ADS-TEC Energy during the 4th quarter worth $621,000. Renaissance Technologies LLC purchased a new position in ADS-TEC Energy in the fourth quarter valued at approximately $313,000. Finally, GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at $69,000. 51.65% of the stock is currently owned by institutional investors.

ADS-TEC Energy Company Profile

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.