ADS-TEC Energy (NASDAQ:ADSE) Hits New 1-Year High – Time to Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE) hit a new 52-week high on Wednesday . The stock traded as high as $16.32 and last traded at $15.71, with a volume of 358 shares traded. The stock had previously closed at $15.61.

ADS-TEC Energy Stock Up 1.2 %

The business has a 50 day moving average price of $14.35 and a 200-day moving average price of $13.43.

Institutional Investors Weigh In On ADS-TEC Energy

Large investors have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP grew its stake in ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after purchasing an additional 67,043 shares in the last quarter. GAMMA Investing LLC bought a new position in ADS-TEC Energy in the 4th quarter worth about $69,000. Finally, Geode Capital Management LLC increased its stake in shares of ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.

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.