XCHG (NASDAQ:XCH) Shares Down 6.6% – Here’s What Happened

XCHG Limited (NASDAQ:XCHGet Free Report) shares dropped 6.6% during mid-day trading on Tuesday . The company traded as low as $0.98 and last traded at $0.99. Approximately 181,612 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 385,048 shares. The stock had previously closed at $1.06.

XCHG Stock Performance

The stock’s 50 day moving average price is $7.78.

XCHG (NASDAQ:XCHGet Free Report) last posted its quarterly earnings data on Friday, December 13th. The company reported ($0.08) earnings per share 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:XCHFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,692 shares of the company’s stock, valued at approximately $129,000.

About XCHG

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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.

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