XCHG (NASDAQ:XCH) Shares Gap Up – Still a Buy?

XCHG Limited (NASDAQ:XCH) shares gapped up before the market opened on Friday . The stock had previously closed at $1.01, but opened at $1.06. XCHG shares last traded at $0.99, with a volume of 30,926 shares changing hands.

XCHG Price Performance

The firm has a fifty day moving average price of $6.51.

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

Institutional Trading of XCHG

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