XCHG (NASDAQ:XCH) Stock Price Down 4.9% – Here’s What Happened

XCHG Limited (NASDAQ:XCH) was down 4.9% during mid-day trading on Monday . The company traded as low as $1.06 and last traded at $1.04. Approximately 83,992 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 305,796 shares. The stock had previously closed at $1.10.

XCHG Stock Performance

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

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

Institutional Investors Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC bought a new position in XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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.