ADS-TEC Energy (NASDAQ:ADSE) Shares Down 4.9% – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were down 4.9% during mid-day trading on Monday . The company traded as low as $15.43 and last traded at $15.39. Approximately 21,447 shares traded hands 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 Price Performance

The firm’s 50-day simple moving average is $14.77 and its 200-day simple moving average is $13.66.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSE. GAMMA Investing LLC bought a new position in ADS-TEC Energy during the 4th quarter worth about $69,000. Geode Capital Management LLC lifted its position 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 worth $425,000 after purchasing an additional 4,154 shares during the period. Finally, Mirabella Financial Services LLP boosted its stake 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 valued at $9,131,000 after purchasing an additional 67,043 shares in 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.