ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.75, but opened at $12.31. ADS-TEC Energy shares last traded at $12.1650, with a volume of 803 shares trading hands.

Analysts Set New Price Targets

ADSE has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, October 8th. Wall Street Zen raised shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

ADS-TEC Energy Stock Down 3.6%

The stock’s 50 day simple moving average is $11.22 and its two-hundred day simple moving average is $11.30.

Institutional Trading of ADS-TEC Energy

A number of institutional investors have recently modified their holdings of the company. Mirabella Financial Services LLP grew its holdings in shares of ADS-TEC Energy by 7.0% in the 2nd quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after acquiring an additional 1,076,423 shares in the last quarter. Anson Funds Management LP boosted its position in ADS-TEC Energy by 224.2% during the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after purchasing an additional 211,360 shares during the last quarter. Simplex Trading LLC acquired a new position in ADS-TEC Energy during the second quarter valued at approximately $83,000. Bank of America Corp DE bought a new position in ADS-TEC Energy in the fourth quarter valued at approximately $53,000. Finally, First Trust Advisors LP increased its position in shares of 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 purchasing an additional 3,183 shares during the last quarter. 51.65% of the stock is currently owned by institutional investors.

ADS-TEC Energy Company Profile

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.