XCHG (NASDAQ:XCH) Trading Up 6% – Should You Buy?

Shares of XCHG Limited (NASDAQ:XCH) were up 6% during mid-day trading on Tuesday . The stock traded as high as $1.22 and last traded at $1.24. Approximately 13,620 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 289,408 shares. The stock had previously closed at $1.17.

XCHG Price Performance

The company has a 50-day moving average price of $1.99.

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

Institutional Trading of XCHG

An institutional investor recently bought a new position 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.

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.