ADS-TEC Energy (NASDAQ:ADSE) Sees Strong Trading Volume – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) saw unusually-high trading volume on Thursday . Approximately 32,309 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 15,777 shares.The stock last traded at $11.92 and had previously closed at $11.92.

Analyst Ratings Changes

A number of research firms recently commented on ADSE. Wall Street Zen upgraded shares of 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Stock Performance

The business’s 50 day simple moving average is $11.76 and its two-hundred day simple moving average is $11.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 2,411 shares during the last quarter. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the 4th quarter worth approximately $53,000. Simplex Trading LLC purchased a new position in ADS-TEC Energy during the second quarter valued at approximately $83,000. JPMorgan Chase & Co. boosted its position in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after purchasing an additional 3,133 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares in the last quarter. 51.65% of the stock is owned by institutional investors.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.