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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw strong trading volume on Thursday . 35,048 shares changed hands during mid-day trading, a decline of 54% from the previous session’s volume of 76,020 shares.The stock last traded at $10.38 and had previously closed at $10.35.

ADS-TEC Energy Price Performance

The firm has a 50-day moving average price of $9.21 and a 200 day moving average price of $7.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its position in ADS-TEC Energy by 362.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,230 shares of the company’s stock valued at $33,000 after purchasing an additional 4,100 shares during the period. Bank of America Corp DE acquired a new position in ADS-TEC Energy during the 1st quarter worth $65,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of ADS-TEC Energy in the 3rd quarter worth $134,000. Geode Capital Management LLC raised its stake in shares of ADS-TEC Energy by 53.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,551 shares of the company’s stock worth $144,000 after buying an additional 7,842 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of ADS-TEC Energy by 60.0% in the 1st quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after buying an additional 12,000 shares in the last quarter. Institutional investors and hedge funds 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.