ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 4.8% – Time to Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) dropped 4.8% during trading on Wednesday . The company traded as low as $11.88 and last traded at $11.8850. Approximately 723 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 10,835 shares. The stock had previously closed at $12.48.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSE. Wall Street Zen upgraded 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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ADS-TEC Energy presently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Price Performance

The company’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $11.31.

Institutional Trading of ADS-TEC Energy

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at about $53,000. Simplex Trading LLC purchased a new stake in ADS-TEC Energy in the 2nd quarter worth approximately $83,000. JPMorgan Chase & Co. increased its holdings in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after acquiring an additional 3,133 shares in the last quarter. First Trust Advisors LP raised its stake in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after acquiring an additional 3,183 shares during the period. Finally, Mirabella Financial Services LLP lifted its holdings in ADS-TEC Energy by 7.0% during the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after purchasing an additional 1,076,423 shares in the last quarter. 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.