ADS-TEC Energy (NASDAQ:ADSE) Trading Down 4.9% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) was down 4.9% on Monday . The company traded as low as $15.43 and last traded at $15.39. Approximately 21,447 shares were traded during trading, a decline of 89% from the average daily volume of 201,894 shares. The stock had previously closed at $16.18.

ADS-TEC Energy Trading Down 6.6 %

The firm has a fifty day simple moving average of $14.71 and a 200-day simple moving average of $13.62.

Institutional Trading of ADS-TEC Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in ADS-TEC Energy during the 4th quarter valued at $69,000. Geode Capital Management LLC raised its stake in shares of ADS-TEC Energy by 15.0% in the 3rd 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 in the last quarter. Finally, Mirabella Financial Services LLP lifted its position in shares of ADS-TEC Energy by 10.9% during 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 during the last quarter. 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.