XCHG Shares to Reverse Split on Friday, August 14th (NASDAQ:XCH)

XCHG Limited (NASDAQ:XCH)’s stock is scheduled to reverse split before the market opens on Friday, August 14th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, August 13th.

XCHG Price Performance

NASDAQ XCH opened at $0.43 on Thursday. XCHG has a 1-year low of $0.30 and a 1-year high of $2.50. The company has a market capitalization of $31.16 million, a P/E ratio of -5.37 and a beta of -1.02. The business has a 50 day moving average price of $0.64 and a 200 day moving average price of $0.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

About XCHG

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.