XCHG Limited’s (NASDAQ:XCH) Lock-Up Period Will Expire Tomorrow

XCHG’s (NASDAQ:XCH) lock-up period is set to end on Monday, March 10th. XCHG had issued 3,333,335 shares in its initial public offering on September 10th. The total size of the offering was $20,666,677 based on an initial share price of $6.20. After the expiration of XCHG’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

XCHG Price Performance

Shares of XCH opened at $1.22 on Friday. XCHG has a twelve month low of $0.94 and a twelve month high of $30.47. The company has a 50 day moving average price of $1.38.

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

Institutional Inflows and Outflows

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