ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 6.1% – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were down 6.1% on Tuesday . The company traded as low as $14.45 and last traded at $14.08. Approximately 27,259 shares were traded during trading, a decline of 72% from the average daily volume of 97,323 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

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

ADS-TEC Energy Stock Performance

The business’s 50 day simple moving average is $14.76 and its 200 day simple moving average is $14.19.

Institutional Investors Weigh In On ADS-TEC Energy

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

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.