ADS-TEC Energy (NASDAQ:ADSE) Shares Down 3.3% – Here’s Why

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) fell 3.3% on Wednesday . The stock traded as low as $14.73 and last traded at $14.76. 99,169 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 125,263 shares. The stock had previously closed at $15.26.

ADS-TEC Energy Stock Up 3.7 %

The firm has a fifty day moving average of $14.23 and a two-hundred day moving average of $13.36.

Institutional Investors Weigh In On ADS-TEC Energy

Several hedge funds have recently modified their holdings of the business. Mirabella Financial Services LLP raised its stake in shares of ADS-TEC Energy by 10.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after acquiring an additional 67,043 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth $69,000. Finally, Geode Capital Management LLC grew its holdings in shares of ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after buying an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Company Profile

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.