ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down to $10.79

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Wednesday . The stock had previously closed at $10.79, but opened at $10.41. ADS-TEC Energy shares last traded at $10.61, with a volume of 4,207 shares.

ADS-TEC Energy Price Performance

The stock has a 50 day moving average price of $10.25 and a 200-day moving average price of $8.01.

Hedge Funds Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently modified their holdings of ADSE. Raymond James & Associates boosted its stake in shares of ADS-TEC Energy by 441.3% in the 1st quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock worth $2,487,000 after buying an additional 235,201 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of ADS-TEC Energy in the 1st quarter worth $354,000. Northern Trust Corp boosted its stake in shares of ADS-TEC Energy by 60.0% in the 1st quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after buying an additional 12,000 shares during the last quarter. Invesco Ltd. purchased a new position in shares of ADS-TEC Energy in the 1st quarter worth $20,719,000. Finally, Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the 1st quarter worth $65,000. 51.65% of the stock is currently 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.