XCHG (NASDAQ:XCH) Stock Price Up 7.5% - Should You Buy?

Key Points

• XCHG Limited's stock price increased by 7.5% during mid-day trading, closing at $1.29, following a previous close of $1.20.
• A new institutional stake has been acquired by XTX Topco Ltd, purchasing 46,520 shares valued at approximately $58,000 in the first quarter.
• XCHG Limited specializes in designing and manufacturing electric vehicle chargers and is involved in markets in Europe and China.

XCHG Limited (NASDAQ:XCH - Get Free Report)'s stock price shot up 7.5% during mid-day trading on Tuesday . The company traded as high as $1.30 and last traded at $1.29. 9,373 shares were traded during mid-day trading, a decline of 72% from the average session volume of 33,107 shares. The stock had previously closed at $1.20.

XCHG Price Performance

The stock has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.29.

Institutional Inflows and Outflows

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) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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.