XCHG (NASDAQ:XCH) Stock Price Down 6.6% – Here’s Why

Shares of XCHG Limited (NASDAQ:XCH) fell 6.6% on Tuesday . The stock traded as low as $0.98 and last traded at $0.99. 181,612 shares traded hands during trading, a decline of 53% from the average session volume of 385,048 shares. The stock had previously closed at $1.06.

XCHG Stock Performance

The firm has a 50-day moving average price of $8.65.

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

Hedge Funds Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in shares of XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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.