ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report)’s share price shot up 5% during mid-day trading on Friday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $10.92 and last traded at $10.78. 34,916 shares changed hands during trading, a decline of 67% from the average session volume of 106,143 shares. The stock had previously closed at $10.27.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of ADSE. Bank of America Corp DE acquired a new stake in ADS-TEC Energy during the 4th quarter valued at approximately $53,000. Simplex Trading LLC acquired a new stake in shares of ADS-TEC Energy during the second quarter worth $83,000. JPMorgan Chase & Co. increased its position in shares of ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the period. GAMMA Investing LLC raised its stake in ADS-TEC Energy by 1,420.5% during the first quarter. GAMMA Investing LLC now owns 67,875 shares of the company’s stock worth $1,018,000 after buying an additional 63,411 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after buying an additional 3,183 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.
ADS-TEC Energy Stock Up 13.3%
The company has a 50 day simple moving average of $11.07 and a 200-day simple moving average of $12.03.
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.
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