XCHG (NASDAQ:XCH) Trading 5.3% Higher – Here’s What Happened

XCHG Limited (NASDAQ:XCH) rose 5.3% on Monday . The stock traded as high as $1.34 and last traded at $1.29. Approximately 186,087 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 362,368 shares. The stock had previously closed at $1.22.

XCHG Stock Performance

The stock has a fifty day simple moving average of $1.38.

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

Institutional Trading of XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new stake in shares of XCHG Limited (NASDAQ:XCH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.