ADS-TEC Energy (NASDAQ:ADSE) Sees Large Volume Increase – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw strong trading volume on Friday. Approximately 16,188 shares were traded during trading, an increase of 18% from the previous session’s volume of 13,757 shares. The stock last traded at $9.9590 and had previously closed at $10.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research 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 has a consensus rating of “Sell”.

ADS-TEC Energy Price Performance

The firm’s 50-day simple moving average is $11.10 and its 200 day simple moving average is $11.49.

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