XCHG (NASDAQ:XCH) Shares Down 2.9% - What's Next?

XCHG Limited (NASDAQ:XCH - Get Free Report) was down 2.9% during mid-day trading on Thursday . The company traded as low as $1.32 and last traded at $1.33. Approximately 28,830 shares traded hands during trading, a decline of 87% from the average daily volume of 229,707 shares. The stock had previously closed at $1.37.

XCHG Stock Performance

The business has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $1.36.

Institutional Investors Weigh In On XCHG

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

XCHG Company Profile

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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