ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $11.13 and last traded at $10.99, with a volume of 64305 shares. The stock had previously closed at $10.10.
ADS-TEC Energy Price Performance
The business’s 50 day moving average is $7.92 and its 200 day moving average is $7.32.
Hedge Funds Weigh In On ADS-TEC Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in ADS-TEC Energy in the 1st quarter worth approximately $20,719,000. Raymond James & Associates boosted its stake in shares of ADS-TEC Energy by 441.3% during the 1st quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock valued at $2,487,000 after buying an additional 235,201 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ADS-TEC Energy during the 1st quarter valued at $354,000. Citadel Advisors LLC acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at $290,000. Finally, Northern Trust Corp boosted its stake in shares of ADS-TEC Energy by 60.0% during the 1st quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock valued at $276,000 after buying an additional 12,000 shares during the period. Institutional investors and hedge funds own 10.85% 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.
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