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

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) saw an uptick in trading volume on Tuesday . 14,796 shares changed hands during trading, a decline of 34% from the previous session’s volume of 22,381 shares.The stock last traded at $12.14 and had previously closed at $12.23.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

ADS-TEC Energy Stock Down 3.6%

The business’s 50 day moving average is $11.18 and its two-hundred day moving average is $11.29.

Institutional Trading of ADS-TEC Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake 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 worth $31,000 after purchasing an additional 2,411 shares during the period. JPMorgan Chase & Co. lifted 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 worth $173,000 after buying an additional 3,133 shares in the last quarter. First Trust Advisors LP boosted its position in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after acquiring an additional 3,183 shares during the period. Bank of America Corp DE purchased a new position in ADS-TEC Energy during the fourth quarter valued at approximately $53,000. Finally, Simplex Trading LLC bought a new stake in ADS-TEC Energy during the 2nd quarter worth approximately $83,000. 51.65% of the stock is currently owned by 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.