XCHG (NASDAQ:XCH) Shares Gap Down – Should You Sell?

XCHG Limited (NASDAQ:XCH) shares gapped down prior to trading on Thursday . The stock had previously closed at $1.28, but opened at $1.19. XCHG shares last traded at $1.26, with a volume of 7,709 shares changing hands.

XCHG Price Performance

The business’s 50 day simple moving average is $1.40.

XCHG (NASDAQ:XCH) last posted its quarterly earnings results on Friday, December 13th. The company reported ($0.08) earnings per share 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 stake in XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.