XCHG (NASDAQ:XCH) Shares Up 3.5% – Still a Buy?

XCHG Limited (NASDAQ:XCHGet Free Report) rose 3.5% on Friday . The company traded as high as $1.31 and last traded at $1.33. Approximately 7,970 shares were traded during trading, a decline of 98% from the average daily volume of 341,560 shares. The stock had previously closed at $1.29.

XCHG Price Performance

The stock’s 50 day moving average is $1.24.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new stake in shares of XCHG Limited (NASDAQ:XCHFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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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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