XCHG (NASDAQ:XCH) Shares Down 5.4% – Time to Sell?

XCHG Limited (NASDAQ:XCH) dropped 5.4% on Tuesday . The company traded as low as $1.25 and last traded at $1.23. Approximately 11,759 shares were traded during trading, a decline of 96% from the average daily volume of 297,860 shares. The stock had previously closed at $1.30.

XCHG Price Performance

The firm’s fifty day moving average price is $3.70.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC purchased a new stake in XCHG Limited (NASDAQ:XCH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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.