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

Shares of XCHG Limited (NASDAQ:XCH) are set 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 Trading Down 1.3%

Shares of NASDAQ XCH opened at $0.44 on Friday. XCHG has a 12-month low of $0.30 and a 12-month high of $2.50. The firm has a market capitalization of $32.11 million, a price-to-earnings ratio of -5.53 and a beta of -1.22. The firm has a 50 day moving average of $0.65 and a 200 day moving average of $0.93.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, XCHG currently has an average rating of “Reduce”.

XCHG Company Profile

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.