ADS-TEC Energy (NASDAQ:ADSE) Reaches New 1-Year High – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.04 and last traded at $15.04, with a volume of 218080 shares changing hands. The stock had previously closed at $14.65.

ADS-TEC Energy Price Performance

The business has a 50 day moving average of $13.91 and a 200 day moving average of $12.99.

Institutional Trading of ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC boosted its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,801 shares of the company’s stock after purchasing an additional 4,154 shares during the period. Geode Capital Management LLC owned about 0.06% of ADS-TEC Energy worth $425,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 51.65% 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.