ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 6.6% – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were down 6.6% during trading on Friday . The stock traded as low as $12.04 and last traded at $11.16. 151 shares traded hands during trading, a decline of 99% from the average daily volume of 10,121 shares. The stock had previously closed at $11.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ADS-TEC Energy has an average rating of “Sell”.

ADS-TEC Energy Stock Performance

The stock’s 50 day simple moving average is $11.65 and its 200-day simple moving average is $11.55.

ADS-TEC Energy (NASDAQ:ADSE) last posted its quarterly earnings data on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The firm had revenue of $9.90 million for the quarter.

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at $53,000. JPMorgan Chase & Co. raised its stake in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after acquiring an additional 3,133 shares in the last quarter. First Trust Advisors LP raised its stake in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after acquiring an additional 3,183 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 5.4% in the third quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock valued at $208,442,000 after purchasing an additional 889,708 shares during the period. Hedge funds and other 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.