ADS-TEC Energy (NASDAQ:ADSE) Sees Unusually-High Trading Volume – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw an uptick in trading volume on Friday. 17,383 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 16,107 shares. The stock last traded at $9.3260 and had previously closed at $9.74.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADSE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Thursday. Wall Street Zen raised shares of ADS-TEC Energy to a “sell” rating in a research report on Saturday, October 24th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ADS-TEC Energy Stock Down 0.3%

The stock has a 50 day moving average of $10.67 and a 200 day moving average of $11.34.

ADS-TEC Energy (NASDAQ:ADSE) last posted 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 during 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.