ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Time to Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Tuesday. The stock had previously closed at $9.83, but opened at $8.77. ADS-TEC Energy shares last traded at $9.0750, with a volume of 2,677 shares.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen upgraded ADS-TEC Energy to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Thursday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, ADS-TEC Energy has an average rating of “Sell”.

ADS-TEC Energy Trading Up 1.7%

The business’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $11.31.

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

ADS-TEC Energy Company Profile

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.