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XCHG (NASDAQ:XCH) Shares Gap Up - Here's Why

XCHG logo with Computer and Technology background

XCHG Limited (NASDAQ:XCH - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $1.01, but opened at $1.06. XCHG shares last traded at $0.99, with a volume of 30,926 shares changing hands.

XCHG Stock Performance

The business's fifty day moving average price is $5.95.

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

Institutional Investors Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC acquired a new position in XCHG Limited (NASDAQ:XCH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,692 shares of the company's stock, valued at approximately $129,000.

XCHG Company Profile

(Get Free Report)

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.

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