ADS-TEC Energy (NASDAQ:ADSE) Shares Down 4%

ADS-TEC Energy PLC (NASDAQ:ADSE) was down 4% during mid-day trading on Wednesday . The company traded as low as $12.28 and last traded at $12.28. Approximately 10,499 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 63,423 shares. The stock had previously closed at $12.79.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and issued a $14.00 price target on shares of ADS-TEC Energy in a report on Wednesday, May 15th.

ADS-TEC Energy Stock Performance

The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $9.69.

Institutional Trading of ADS-TEC Energy

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC purchased a new stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,200 shares of the company’s stock, valued at approximately $149,000. Hedge funds and other institutional investors 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.