ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped down before the market opened on Friday . The stock had previously closed at $11.89, but opened at $11.06. ADS-TEC Energy shares last traded at $10.9410, with a volume of 2,151 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

ADS-TEC Energy Stock Down 3.7%

The firm has a fifty day moving average price of $11.32 and a 200 day moving average price of $11.48.

ADS-TEC Energy (NASDAQ:ADSE) last posted its quarterly earnings results on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The firm had revenue of $9.90 million during the quarter.

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds have recently bought and sold shares of ADSE. BNP Paribas Financial Markets increased its stake in 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 valued at $31,000 after purchasing an additional 2,411 shares in the last quarter. Bank of America Corp DE purchased a new position in ADS-TEC Energy in the 4th quarter valued at approximately $53,000. JPMorgan Chase & Co. increased its stake in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after purchasing an additional 3,133 shares in the last quarter. First Trust Advisors LP increased its stake in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after purchasing an additional 3,183 shares in the last quarter. Finally, Anson Funds Management LP increased its stake in ADS-TEC Energy by 224.2% in 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 in the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.