ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Time to Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down before the market opened on Tuesday. The stock had previously closed at $9.83, but opened at $8.77. ADS-TEC Energy shares last traded at $9.0750, with a volume of 2,677 shares.

Wall Street Analyst Weigh In

ADSE has been the subject of several recent research reports. Wall Street Zen upgraded shares of ADS-TEC Energy to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Thursday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

ADS-TEC Energy Price Performance

The company’s fifty day moving average is $10.58 and its 200 day moving average is $11.31.

ADS-TEC Energy (NASDAQ:ADSE) last released its quarterly earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share (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 fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.