XCHG (NASDAQ:XCH) Shares Gap Down – Time to Sell?

XCHG Limited (NASDAQ:XCH) gapped down before the market opened on Friday . The stock had previously closed at $1.45, but opened at $1.37. XCHG shares last traded at $1.36, with a volume of 28,565 shares.

XCHG Price Performance

The company has a fifty day moving average of $2.78.

XCHG (NASDAQ:XCH) last released 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 shares of XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.