XCHG Limited (NASDAQ:XCH – Get Free Report)’s share price dropped 2.7% on Monday . The stock traded as low as $1.40 and last traded at $1.36. Approximately 1,903 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 339,390 shares. The stock had previously closed at $1.40.
XCHG Price Performance
The company’s 50-day simple moving average is $1.22.
Hedge Funds Weigh In On XCHG
A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC bought a new stake in XCHG Limited (NASDAQ:XCH – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.
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