XCHG (NASDAQ:XCH) Sets New 1-Year Low – What’s Next?

XCHG Limited (NASDAQ:XCH)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.94 and last traded at $1.04, with a volume of 483566 shares traded. The stock had previously closed at $1.06.

XCHG Price Performance

The business’s fifty day moving average price is $7.78.

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

Institutional Investors Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in shares of XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.