XCHG (NASDAQ:XCH) Stock Price Down 4.8% – What’s Next?

XCHG Limited (NASDAQ:XCH)’s stock price was down 4.8% during trading on Monday . The company traded as low as $1.30 and last traded at $1.30. Approximately 24,631 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 351,251 shares. The stock had previously closed at $1.36.

XCHG Trading Down 5.5 %

The business has a 50-day moving average of $1.30.

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

Institutional Inflows and Outflows

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