ADS-TEC Energy (NASDAQ:ADSE) Sees Large Volume Increase – What’s Next?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) saw unusually-high trading volume on Friday . Approximately 41,084 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 24,140 shares.The stock last traded at $12.37 and had previously closed at $12.46.

Analyst Upgrades and Downgrades

ADSE has been the subject of several analyst reports. Wall Street Zen raised shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ADS-TEC Energy Trading Down 0.4%

The firm’s fifty day moving average price is $10.88 and its two-hundred day moving average price is $11.22.

Hedge Funds Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mirabella Financial Services LLP lifted its holdings in ADS-TEC Energy by 0.3% in the third quarter. Mirabella Financial Services LLP now owns 16,537,488 shares of the company’s stock valued at $198,450,000 after acquiring an additional 57,019 shares during the period. Anson Funds Management LP increased its position in shares of ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after purchasing an additional 211,360 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after purchasing an additional 2,411 shares during the period. First Trust Advisors LP boosted its holdings in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after buying an additional 3,133 shares during the 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.