ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $10.59, but opened at $10.20. ADS-TEC Energy shares last traded at $9.9150, with a volume of 5,692 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on ADS-TEC Energy

ADS-TEC Energy Stock Down 2.6%

The firm has a 50 day moving average of $11.48 and a two-hundred day moving average of $11.55.

ADS-TEC Energy (NASDAQ:ADSE – Get Free Report) last posted its earnings results on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The business had revenue of $4.20 million during the quarter.

ADS-TEC Energy Company Profile

(Get Free Report)

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.

Further Reading

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