XCHG (NASDAQ:XCH) Stock Price Up 8% – Here’s What Happened

XCHG Limited (NASDAQ:XCH)’s stock price traded up 8% during trading on Friday . The company traded as high as $1.22 and last traded at $1.21. 131,885 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 402,950 shares. The stock had previously closed at $1.12.

XCHG Price Performance

The stock has a fifty day simple moving average of $8.99.

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

Institutional Trading of 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 4th quarter, according to its most recent 13F filing with the SEC. 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.