ADS-TEC Energy (NASDAQ:ADSE) Sees Strong Trading Volume – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) saw unusually-high trading volume on Monday . Approximately 21,240 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 26,719 shares.The stock last traded at $12.27 and had previously closed at $12.82.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Stock Up 4.0%

The stock’s fifty day simple moving average is $12.13 and its 200 day simple moving average is $11.32.

Hedge Funds Weigh In On ADS-TEC Energy

A number of institutional investors have recently added to or reduced their stakes in ADSE. BNP Paribas Financial Markets grew its holdings in ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after buying an additional 2,411 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the 4th quarter worth $53,000. Simplex Trading LLC acquired a new position in shares of ADS-TEC Energy during the 2nd quarter valued at about $83,000. JPMorgan Chase & Co. grew its holdings in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after purchasing an additional 3,133 shares during the period. Finally, First Trust Advisors LP increased its position 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 purchasing an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.