XCHG (NASDAQ:XCH) Stock Price Up 9.8% – Here’s Why

XCHG Limited (NASDAQ:XCH)’s stock price shot up 9.8% on Wednesday . The stock traded as high as $1.30 and last traded at $1.34. 157,371 shares traded hands during trading, a decline of 47% from the average session volume of 298,628 shares. The stock had previously closed at $1.22.

XCHG Trading Up 8.6 %

The firm has a 50 day moving average price of $5.64.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in XCHG Limited (NASDAQ:XCH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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.