ADS-TEC Energy (NASDAQ:ADSE) Shares Down 5.7% – Should You Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) fell 5.7% on Friday . The stock traded as low as $13.44 and last traded at $13.53. 37,656 shares changed hands during trading, a decline of 51% from the average session volume of 77,034 shares. The stock had previously closed at $14.35.

ADS-TEC Energy Price Performance

The firm has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $12.18.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC bought a new stake in ADS-TEC Energy PLC (NASDAQ:ADSE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,200 shares of the company’s stock, valued at approximately $149,000. Hedge funds and other 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.