EVgo (NASDAQ:EVGOW) Trading 4.8% Higher – Time to Buy?

EVgo, Inc. (NASDAQ:EVGOW) shot up 4.8% on Monday . The company traded as high as $0.30 and last traded at $0.27. 23,423 shares changed hands during trading, a decline of 68% from the average session volume of 72,906 shares. The stock had previously closed at $0.26.

EVgo Price Performance

The company has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LMR Partners LLP raised its position in shares of EVgo by 16.6% during the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock valued at $1,506,000 after buying an additional 402,331 shares during the period. Boothbay Fund Management LLC acquired a new position in EVgo during the 4th quarter worth $84,000. Finally, Aristeia Capital L.L.C. acquired a new stake in EVgo in the fourth quarter valued at approximately $317,000.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.