Tritium DCFC (NASDAQ:DCFCW) Shares Down 8.9%

Shares of Tritium DCFC Limited (NASDAQ:DCFCW – Get Rating) were down 8.9% during trading on Wednesday . The stock traded as low as $0.31 and last traded at $0.31. Approximately 6,099 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 29,160 shares. The stock had previously closed at $0.34.

Tritium DCFC Stock Performance

The company’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.37.

Institutional Investors Weigh In On Tritium DCFC

Several hedge funds and other institutional investors have recently bought and sold shares of DCFCW. JPMorgan Chase & Co. acquired a new position in Tritium DCFC in the first quarter valued at $46,000. Royal Bank of Canada acquired a new position in Tritium DCFC in the first quarter valued at $96,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Tritium DCFC in the first quarter valued at $102,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tritium DCFC in the first quarter valued at $176,000. Finally, Sculptor Capital LP acquired a new position in Tritium DCFC in the first quarter valued at $340,000.

Tritium DCFC Company Profile

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Tritium Pty Ltd. designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, Europe, Australia, and internationally. The company offers also offers CAN-Ethernet bridge products that allow to access from a PC application to the vehicle CAN bus. The company was founded in 2001 and is based in Murarrie, Australia.