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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down prior to trading on Wednesday . The stock had previously closed at $13.97, but opened at $13.33. ADS-TEC Energy shares last traded at $13.31, with a volume of 7,328 shares.

Analyst Ratings Changes

Separately, Roth Capital raised shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

The company has a 50 day moving average of $14.97 and a 200-day moving average of $14.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ADSE. Mirabella Financial Services LLP boosted its stake in ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after acquiring an additional 67,043 shares during the period. Geode Capital Management LLC lifted its holdings 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 last quarter. GAMMA Investing LLC acquired a new position in ADS-TEC Energy during the 4th quarter valued at approximately $69,000. Raymond James Financial Inc. bought a new position in ADS-TEC Energy during the 4th quarter worth $621,000. Finally, JPMorgan Chase & Co. lifted its stake in ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,185 shares during the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

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.