ADS-TEC Energy (NASDAQ:ADSE) Reaches New 52-Week High – Should You Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price hit a new 52-week high on Monday . The company traded as high as $15.04 and last traded at $15.04, with a volume of 218080 shares. The stock had previously closed at $14.65.

ADS-TEC Energy Stock Performance

The company’s fifty day moving average is $13.91 and its 200-day moving average is $12.99.

Institutional Investors Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC raised its holdings in ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,801 shares of the company’s stock after buying an additional 4,154 shares during the quarter. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 at the end of the most recent quarter. 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.