Charge Enterprises (NASDAQ:CRGE) Stock Price Down 9%

Shares of Charge Enterprises, Inc. (NASDAQ:CRGEGet Rating) were down 9% during trading on Thursday . The company traded as low as $2.62 and last traded at $2.62. Approximately 45,678 shares changed hands during trading, a decline of 94% from the average daily volume of 744,852 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

Separately, Maxim Group reissued a “buy” rating and set a $8.00 price target on shares of Charge Enterprises in a report on Friday, June 24th.

Charge Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50 day moving average price is $4.26.

Charge Enterprises (NASDAQ:CRGEGet Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $162.98 million for the quarter.

Insider Transactions at Charge Enterprises

In related news, COO Craig Harper-Denson sold 12,500 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $4.45, for a total transaction of $55,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CRGE. ProShare Advisors LLC purchased a new stake in shares of Charge Enterprises in the 2nd quarter worth approximately $58,000. Williams Jones Wealth Management LLC. bought a new position in Charge Enterprises in the 1st quarter worth $74,000. Private Advisor Group LLC purchased a new position in Charge Enterprises during the second quarter valued at approximately $109,000. Strs Ohio purchased a new position in shares of Charge Enterprises during the 2nd quarter valued at $120,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Charge Enterprises in the second quarter worth about $148,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

Charge Enterprises Company Profile

(Get Rating)

Charge Enterprises Inc engages in building the electrification and telecommunications infrastructure for electric vehicle charging(EVC) and wireless network infrastructure, including 5G, tower, distributed antennae systems, small cell, and electrical infrastructure. The company operates through Telecommunications and Infrastructure segments.

Featured Articles

Receive News & Ratings for Charge Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charge Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.