ADS-TEC Energy (NASDAQ:ADSE) Sets New 52-Week Low – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE) reached a new 52-week low on Wednesday. The stock traded as low as $9.18 and last traded at $9.86, with a volume of 37707 shares changing hands. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

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

ADS-TEC Energy Stock Down 2.7%

The stock’s fifty day simple moving average is $11.33 and its 200 day simple moving average is $11.53.

ADS-TEC Energy (NASDAQ:ADSE) last issued 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.