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

Shares of XCHG Limited (NASDAQ:XCH) rose 8% on Friday . The stock traded as high as $1.22 and last traded at $1.21. Approximately 131,885 shares traded hands during trading, a decline of 67% from the average daily volume of 402,950 shares. The stock had previously closed at $1.12.

XCHG Stock Up 0.9 %

The business’s fifty day moving average is $8.99.

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

Hedge Funds Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new position in shares of XCHG Limited (NASDAQ:XCH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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.