ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 6.1% – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price was down 6.1% on Tuesday . The company traded as low as $11.16 and last traded at $11.16. Approximately 1,817 shares were traded during trading, a decline of 81% from the average daily volume of 9,629 shares. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

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

ADS-TEC Energy Trading Down 1.3%

The firm’s fifty day moving average price is $11.37 and its 200-day moving average price is $11.51.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in shares of ADS-TEC Energy by 1,205.5% during 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. Bank of America Corp DE bought a new position in shares of ADS-TEC Energy during the 4th quarter worth about $53,000. JPMorgan Chase & Co. increased its holdings in shares of ADS-TEC Energy by 33.3% during the 2nd 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 increased its holdings in shares of ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares during the period. Finally, Anson Funds Management LP increased its holdings 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 worth $3,668,000 after purchasing an additional 211,360 shares during the period. Institutional investors own 51.65% of the company’s stock.

About ADS-TEC Energy

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.