ADS-TEC Energy (NASDAQ:ADSE) Trading Down 3.9% – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price was down 3.9% during mid-day trading on Friday . The stock traded as low as $13.40 and last traded at $13.40. Approximately 2,403 shares were traded during trading, a decline of 97% from the average daily volume of 75,548 shares. The stock had previously closed at $13.94.

ADS-TEC Energy Stock Performance

The firm has a 50-day moving average price of $13.80 and a 200-day moving average price of $12.77.

Institutional Investors Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC boosted its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,801 shares of the company’s stock after buying an additional 4,154 shares during the quarter. Geode Capital Management LLC owned approximately 0.06% of ADS-TEC Energy worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.