XCHG (NASDAQ:XCH) Shares Gap Up – Here’s Why

XCHG Limited (NASDAQ:XCH)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.23, but opened at $1.26. XCHG shares last traded at $1.27, with a volume of 3,466 shares.

XCHG Trading Up 10.6 %

The firm’s fifty day simple moving average is $1.30.

XCHG (NASDAQ:XCH) last issued its 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 bought a new stake in XCHG Limited (NASDAQ:XCH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.