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

ADS-TEC Energy PLC (NASDAQ:ADSE) was down 6.5% during mid-day trading on Thursday. The stock traded as low as $10.20 and last traded at $10.2840. 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 Ratings Changes

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

ADS-TEC Energy Stock Down 5.1%

The company has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $11.55.

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 business 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 electric vehicle (EV) charging technology. Its systems are designed to support high-power charging where the local electricity grid may not provide sufficient capacity, using integrated battery storage to help manage peak demand and reduce the need for extensive grid upgrades.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and EV charging capabilities.