XCHG (NASDAQ:XCH) Stock Price Down 5.4% – Here’s Why

XCHG Limited (NASDAQ:XCH)’s share price traded down 5.4% during mid-day trading on Tuesday . The company traded as low as $1.25 and last traded at $1.23. 11,759 shares were traded during trading, a decline of 96% from the average session volume of 297,860 shares. The stock had previously closed at $1.30.

XCHG Trading Down 10.8 %

The business has a fifty day moving average of $3.70.

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

Hedge Funds Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC bought a new position in shares of XCHG Limited (NASDAQ:XCH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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.