ADS-TEC Energy (NASDAQ:ADSE) Sees Large Volume Increase – Should You Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE) saw strong trading volume on Friday . 233,243 shares were traded during mid-day trading, an increase of 205% from the previous session’s volume of 76,393 shares.The stock last traded at $14.10 and had previously closed at $13.88.

ADS-TEC Energy Stock Up 1.6 %

The stock’s 50 day simple moving average is $13.49 and its 200 day simple moving average is $12.53.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Mirabella Financial Services LLP increased its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,455 shares of the company’s stock after purchasing an additional 67,043 shares during the period. Mirabella Financial Services LLP owned approximately 1.35% of ADS-TEC Energy worth $9,131,000 at the end of the most recent reporting period. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

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.