ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 5.1% – Time to Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) dropped 5.1% during trading on Wednesday. The company traded as low as $9.60 and last traded at $9.4310. Approximately 11,800 shares traded hands during trading, a decline of 19% from the average session volume of 14,519 shares. The stock had previously closed at $9.94.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, ADS-TEC Energy presently has a consensus rating of “Sell”.

ADS-TEC Energy Stock Down 4.4%

The business has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $11.46.

ADS-TEC Energy (NASDAQ:ADSE) last announced its earnings results on Wednesday, September 30th. The company reported ($0.37) 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 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.