XCHG (NASDAQ:XCH) Trading 5.3% Higher – Still a Buy?

XCHG Limited (NASDAQ:XCH) shot up 5.3% on Monday . The stock traded as high as $1.34 and last traded at $1.29. 186,087 shares were traded during trading, a decline of 49% from the average session volume of 362,368 shares. The stock had previously closed at $1.22.

XCHG Stock Up 1.7 %

The business has a 50 day moving average price of $1.35.

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

Hedge Funds Weigh In On XCHG

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