ADS-TEC Energy (NASDAQ:ADSE) Hits New 12-Month Low – What’s Next?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) hit a new 52-week low on Thursday. The stock traded as low as $8.79 and last traded at $9.6310, with a volume of 6,164 shares traded. The stock had previously closed at $9.50.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised ADS-TEC Energy to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

ADS-TEC Energy Price Performance

The stock has a fifty day moving average price of $10.86 and a 200-day moving average price of $11.43.

ADS-TEC Energy (NASDAQ:ADSE) last issued its quarterly earnings data on Wednesday, September 30th. The company reported ($0.37) earnings per share for the quarter. The company 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 fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.