XCHG (NASDAQ:XCH) Shares Gap Down – What’s Next?

XCHG Limited (NASDAQ:XCH)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $1.45, but opened at $1.37. XCHG shares last traded at $1.36, with a volume of 28,565 shares trading hands.

XCHG Stock Performance

The business’s 50 day moving average is $2.40.

XCHG (NASDAQ:XCH) last released its quarterly earnings results on Friday, December 13th. The company reported ($0.08) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC bought a new position in XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 63,692 shares of the company’s stock, valued at approximately $129,000.

About XCHG

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.