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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down before the market opened on Friday . The stock had previously closed at $11.44, but opened at $10.53. ADS-TEC Energy shares last traded at $10.86, with a volume of 514 shares trading hands.

Analyst Upgrades and Downgrades

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

ADS-TEC Energy Price Performance

The stock’s 50 day moving average is $11.53 and its two-hundred day moving average is $11.59.

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

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds and other institutional investors have recently modified their holdings of ADSE. BNP Paribas Financial Markets increased its position 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 in the last quarter. Bank of America Corp DE acquired a new position in ADS-TEC Energy in the fourth quarter valued at about $53,000. JPMorgan Chase & Co. increased its holdings 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 in the last quarter. First Trust Advisors LP raised its stake 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 valued at $1,886,000 after acquiring an additional 3,183 shares during the last quarter. Finally, Anson Funds Management LP grew its position in 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 acquiring an additional 211,360 shares during the last quarter. 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.