ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 3.7%

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price traded down 3.7% on Friday . The stock traded as low as $10.40 and last traded at $10.40. 1,554 shares were traded during trading, a decline of 98% from the average session volume of 67,713 shares. The stock had previously closed at $10.80.

ADS-TEC Energy Stock Performance

The company’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $8.04.

Institutional Trading of ADS-TEC Energy

Several large investors have recently added to or reduced their stakes in ADSE. Raymond James & Associates grew its stake in ADS-TEC Energy by 441.3% during the first quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock worth $2,487,000 after buying an additional 235,201 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in ADS-TEC Energy during the first quarter worth about $354,000. Northern Trust Corp grew its stake in shares of ADS-TEC Energy by 60.0% during the first 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 last quarter. Invesco Ltd. bought a new stake in shares of ADS-TEC Energy during the first quarter valued at approximately $20,719,000. Finally, Bank of America Corp DE bought a new stake in shares of ADS-TEC Energy during the first quarter valued at approximately $65,000. 51.65% of the stock is owned by institutional investors.

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.