ADS-TEC Energy (NASDAQ:ADSE) Shares Up 5.9% – Time to Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares rose 5.9% during mid-day trading on Wednesday. The stock traded as high as $9.60 and last traded at $9.8940. 28,162 shares were traded during trading, an increase of 108% from the average session volume of 13,523 shares. The stock had previously closed at $9.34.

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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ADS-TEC Energy Price Performance

The stock has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.50.

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 during 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.