ADS-TEC Energy (NASDAQ:ADSE) Trading Down 4%

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price dropped 4% during mid-day trading on Wednesday . The company traded as low as $12.28 and last traded at $12.28. Approximately 10,499 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 63,423 shares. The stock had previously closed at $12.79.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $14.00 price objective on shares of ADS-TEC Energy in a research note on Wednesday, May 15th.

ADS-TEC Energy Trading Down 2.8 %

The stock has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $9.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC bought a new position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,200 shares of the company’s stock, valued at approximately $149,000. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Company Profile

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.