ADS-TEC Energy (NASDAQ:ADSE) Stock Falls 6.5% – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares fell 6.5% during mid-day trading on Thursday. The company traded as low as $10.20 and last traded at $10.2840. Approximately 8,770 shares changed hands during trading, a decline of 31% from the average daily volume of 12,677 shares. The stock had previously closed at $11.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

ADS-TEC Energy Trading Up 1.3%

The firm has a fifty day moving average of $11.52 and a 200 day moving average of $11.55.

ADS-TEC Energy (NASDAQ:ADSE) last released its quarterly earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $4.20 million during the quarter.

About ADS-TEC Energy

ADS-TEC Energy plc (NASDAQ:ADSE) develops battery-based energy storage and ultra-fast electric vehicle charging systems. Its technology combines high-power charging equipment with integrated battery storage, allowing charging stations to deliver substantial power even where the local electrical grid has limited capacity.

The company’s product portfolio includes the ChargePost and ChargeBox systems, which are designed for rapid EV charging, as well as associated energy-management software and services.