ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSEGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.50, but opened at $12.83. ADS-TEC Energy shares last traded at $12.89, with a volume of 5,104 shares traded.

ADS-TEC Energy Stock Performance

The business’s 50-day moving average price is $12.70 and its 200-day moving average price is $11.86.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC bought a new position in ADS-TEC Energy PLC (NASDAQ:ADSEFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,200 shares of the company’s stock, valued at approximately $149,000. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

About ADS-TEC Energy

(Get Free Report)

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.

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