ADS-TEC Energy (NASDAQ:ADSE) Hits New 52-Week Low – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $9.77 and last traded at $10.08, with a volume of 8524 shares changing hands. The stock had previously closed at $10.71.

Analysts Set New Price Targets

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

ADS-TEC Energy Price Performance

The business has a 50 day simple moving average of $12.64 and a 200 day simple moving average of $13.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ADSE. Robert Bosch GmbH bought a new position in ADS-TEC Energy during the fourth quarter valued at approximately $162,273,000. Renaissance Technologies LLC acquired a new position in ADS-TEC Energy in the 4th quarter valued at approximately $313,000. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy in the 4th quarter worth approximately $621,000. JPMorgan Chase & Co. raised its holdings in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,185 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after acquiring an additional 3,771 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Company Profile

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.