XCHG (NASDAQ:XCH) Trading Down 5.4% – Should You Sell?

XCHG Limited (NASDAQ:XCH)’s stock price fell 5.4% during mid-day trading on Tuesday . The stock traded as low as $1.25 and last traded at $1.23. 11,759 shares were traded during mid-day trading, a decline of 96% from the average session volume of 297,860 shares. The stock had previously closed at $1.30.

XCHG Price Performance

The firm has a 50 day simple moving average of $3.21.

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

Hedge Funds Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new position in XCHG Limited (NASDAQ:XCH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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.