ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped up before the market opened on Thursday. The stock had previously closed at $9.34, but opened at $9.92. ADS-TEC Energy shares last traded at $9.98, with a volume of 1,767 shares.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Down 0.7%

The firm’s 50 day simple moving average is $11.06 and its two-hundred day simple moving average is $11.48.

ADS-TEC Energy (NASDAQ:ADSE) last released its earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share for the quarter. The firm 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.