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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.08, but opened at $11.38. ADS-TEC Energy shares last traded at $11.72, with a volume of 931 shares trading hands.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Down 0.5%

The business has a fifty day moving average of $11.61 and a two-hundred day moving average of $11.55.

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

Institutional Investors Weigh In On ADS-TEC Energy

Several hedge funds have recently modified their holdings of ADSE. BNP Paribas Financial Markets boosted its position in ADS-TEC Energy by 1,205.5% during the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the 4th quarter valued at about $53,000. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 3,133 shares during the period. First Trust Advisors LP raised its position in shares of ADS-TEC Energy by 2.4% in the 2nd 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 period. Finally, Mirabella Financial Services LLP grew its position in ADS-TEC Energy by 0.3% during 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. 51.65% of the stock is owned by institutional investors and hedge funds.

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.