ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down to $10.79

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down before the market opened on Wednesday . The stock had previously closed at $10.79, but opened at $10.41. ADS-TEC Energy shares last traded at $10.61, with a volume of 4,207 shares.

ADS-TEC Energy Price Performance

The stock’s 50 day simple moving average is $10.15 and its two-hundred day simple moving average is $7.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ADSE. Osaic Holdings Inc. raised its position in shares of 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 buying an additional 4,100 shares in the last quarter. Bank of America Corp DE bought a new stake in ADS-TEC Energy during the 1st quarter valued at approximately $65,000. Geode Capital Management LLC raised its position 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 acquiring an additional 7,842 shares in the last quarter. Northern Trust Corp lifted 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 valued at $276,000 after purchasing an additional 12,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of ADS-TEC Energy during the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

About ADS-TEC Energy

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.