ADS-TEC Energy (NASDAQ:ADSE) Trading Down 3.9% – What’s Next?

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

ADS-TEC Energy Stock Performance

The business’s 50 day simple moving average is $13.78 and its two-hundred day simple moving average is $12.73.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Mirabella Financial Services LLP grew its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 682,455 shares of the company’s stock after acquiring an additional 67,043 shares during the period. Mirabella Financial Services LLP owned about 1.35% of ADS-TEC Energy worth $9,131,000 as of its most recent SEC filing. 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.