ADS-TEC Energy (NASDAQ:ADSE) Shares Up 5.9% – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price shot up 5.9% during mid-day trading on Wednesday. The company 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 daily 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 note on Friday, July 31st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Sell”.

ADS-TEC Energy Trading Up 3.9%

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

ADS-TEC Energy (NASDAQ:ADSE) last issued its quarterly earnings data on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The company had revenue of $4.20 million for the quarter.

About ADS-TEC Energy

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.