ADS-TEC Energy (NASDAQ:ADSE) Sets New 12-Month Low – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) reached a new 52-week low on Tuesday. The stock traded as low as $9.04 and last traded at $9.3310, with a volume of 5,630 shares trading hands. The stock had previously closed at $9.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Friday, July 31st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

ADS-TEC Energy Trading Up 3.4%

The stock has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $11.50.

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