ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 6.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

ADS-TEC Energy Stock Performance

The company has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $11.55.

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

Institutional Trading of ADS-TEC Energy

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