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

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Thursday . The stock had previously closed at $12.11, but opened at $11.82. ADS-TEC Energy shares last traded at $11.7170, with a volume of 577 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADSE shares. Wall Street Zen upgraded ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ADS-TEC Energy Trading Down 1.2%

The company has a 50-day simple moving average of $11.02 and a two-hundred day simple moving average of $11.21.

Institutional Investors Weigh In On ADS-TEC Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ADSE. BNP Paribas Financial Markets increased its position in shares of ADS-TEC Energy by 1,205.5% during the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after acquiring an additional 2,411 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after acquiring an additional 3,133 shares in the last quarter. First Trust Advisors LP boosted its stake in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after purchasing an additional 3,183 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the fourth quarter worth $53,000. Finally, Simplex Trading LLC purchased a new position in shares of ADS-TEC Energy in the second quarter worth $83,000. 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.