XCHG (NASDAQ:XCH) Trading Down 4.9% – Time to Sell?

Shares of XCHG Limited (NASDAQ:XCH) fell 4.9% on Monday . The company traded as low as $1.06 and last traded at $1.04. 83,992 shares were traded during trading, a decline of 73% from the average session volume of 305,796 shares. The stock had previously closed at $1.10.

XCHG Trading Up 7.4 %

The company’s 50 day simple moving average is $5.64.

XCHG (NASDAQ:XCH) last posted its quarterly earnings data 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 acquired a new stake in shares of XCHG Limited (NASDAQ:XCH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 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.