XCHG (NASDAQ:XCH) Shares Down 4.9% – What’s Next?

XCHG Limited (NASDAQ:XCH)’s stock price dropped 4.9% during mid-day trading on Wednesday . The company traded as low as $1.21 and last traded at $1.18. Approximately 31,149 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 285,522 shares. The stock had previously closed at $1.24.

XCHG Stock Up 0.7 %

The firm’s 50-day moving average is $1.55.

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

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC bought a new position in XCHG Limited (NASDAQ:XCH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.