XCHG (NASDAQ:XCH) Reaches New 1-Year Low – Should You Sell?

XCHG Limited (NASDAQ:XCH)’s share price reached a new 52-week low on Thursday . The stock traded as low as $1.09 and last traded at $1.13, with a volume of 198119 shares. The stock had previously closed at $1.18.

XCHG Stock Up 0.9 %

The stock has a 50-day simple moving average of $8.99.

XCHG (NASDAQ:XCH) last released its quarterly earnings results on Friday, December 13th. The company reported ($0.08) earnings per share 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 stake in XCHG Limited (NASDAQ:XCH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.