Shares of XCHG Limited (NASDAQ:XCH – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $1.32, but opened at $1.37. XCHG shares last traded at $1.34, with a volume of 5,237 shares traded.
XCHG Trading Up 1.5%
The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $5.60.
Institutional Investors Weigh In On XCHG
A hedge fund recently bought a new stake in XCHG stock. XTX Topco Ltd purchased a new stake in XCHG Limited (NASDAQ:XCH – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,520 shares of the company’s stock, valued at approximately $58,000.
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.
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