ADS-TEC Energy (NASDAQ:ADSE) Shares Up 5%

ADS-TEC Energy PLC (NASDAQ:ADSE – Get Rating)’s share price shot up 5% during mid-day trading on Monday . The stock traded as high as $2.51 and last traded at $2.32. 145,897 shares changed hands during mid-day trading, an increase of 231% from the average session volume of 44,040 shares. The stock had previously closed at $2.21.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered shares of ADS-TEC Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $5.00 in a report on Wednesday, April 12th.

ADS-TEC Energy Trading Up 5.0 %

The business’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $3.46.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in ADS-TEC Energy by 21.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 104,137 shares of the company’s stock valued at $325,000 after buying an additional 18,267 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in ADS-TEC Energy during the 3rd quarter valued at approximately $134,000. Raymond James & Associates grew its holdings in ADS-TEC Energy by 1.0% during the 3rd quarter. Raymond James & Associates now owns 280,784 shares of the company’s stock valued at $2,089,000 after buying an additional 2,651 shares in the last quarter. Bank of America Corp DE purchased a new stake in ADS-TEC Energy during the 1st quarter valued at approximately $65,000. Finally, Invesco Ltd. purchased a new stake in ADS-TEC Energy during the 1st quarter valued at approximately $20,719,000. 11.43% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Company Profile

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ADS-TEC Energy PLC, a B2B technology company, develops, manufactures, and services intelligent battery buffered energy systems. The company supplies integrated technology platforms that enable customers to run their electric vehicle (EV) charging and energy business models in decentralized platforms.