ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Tuesday . The stock had previously closed at $12.52, but opened at $12.21. ADS-TEC Energy shares last traded at $12.39, with a volume of 6,423 shares changing hands.

Wall Street Analyst Weigh In

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

The business’s 50 day simple moving average is $13.96 and its 200 day simple moving average is $14.19.

Hedge Funds Weigh In On ADS-TEC Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP lifted its holdings in shares of ADS-TEC Energy by 1,521.8% in the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after purchasing an additional 10,385,428 shares in the last quarter. Robert Bosch GmbH purchased a new position in ADS-TEC Energy during the 4th quarter valued at about $162,273,000. GAMMA Investing LLC increased its holdings in shares of ADS-TEC Energy by 1,420.5% in the 1st quarter. GAMMA Investing LLC now owns 67,875 shares of the company’s stock valued at $1,018,000 after purchasing an additional 63,411 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy in the fourth quarter worth approximately $621,000. Finally, Geode Capital Management LLC boosted its holdings in shares of ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after purchasing an additional 3,771 shares during the period. Institutional investors and hedge funds own 51.65% of the company’s stock.

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.