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Weiss Ratings Reiterates Sell (E+) Rating for XCHG (NASDAQ:XCH)

XCHG logo with Computer and Technology background

Key Points

  • Weiss Ratings has reaffirmed a sell (E+) rating for XCHG (NASDAQ:XCH), indicating continued negative sentiment regarding its stock performance.
  • Shares of XCHG traded at $1.24 with relatively low trading volume, compared to its average, and have experienced significant price fluctuations over the last year.
  • XTX Topco Ltd has recently acquired a new position in XCHG, purchasing 46,520 shares valued at approximately $58,000.
  • Five stocks we like better than XCHG.

XCHG (NASDAQ:XCH - Get Free Report)'s stock had its "sell (e+)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

XCHG Price Performance

Shares of XCH traded up $0.04 during mid-day trading on Wednesday, reaching $1.24. The company's stock had a trading volume of 10,221 shares, compared to its average volume of 81,480. The business has a fifty day moving average of $1.26 and a 200 day moving average of $1.29. XCHG has a 1 year low of $0.94 and a 1 year high of $30.47.

Hedge Funds Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. XTX Topco Ltd bought a new position in shares of XCHG Limited (NASDAQ:XCH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,520 shares of the company's stock, valued at approximately $58,000.

About XCHG

(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.

Further Reading

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