ADS-TEC Energy (NASDAQ:ADSE) Sees Unusually-High Trading Volume

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw an uptick in trading volume on Thursday . 153,149 shares changed hands during trading, an increase of 165% from the previous session’s volume of 57,797 shares.The stock last traded at $11.65 and had previously closed at $11.37.

Wall Street Analysts Forecast Growth

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

ADS-TEC Energy Stock Up 4.8 %

The firm has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $9.57.

Institutional Investors Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Raymond James & Associates raised its position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,090 shares of the company’s stock after acquiring an additional 51,536 shares during the period. Raymond James & Associates owned approximately 0.58% of ADS-TEC Energy worth $2,046,000 at the end of the most recent reporting period. 51.65% of the stock is owned by hedge funds and other institutional investors.

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.