Tritium DCFC (DCFC) to Release Quarterly Earnings on Thursday

Tritium DCFC (NASDAQ:DCFCGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, September 22nd. Analysts expect Tritium DCFC to post earnings of ($0.07) per share for the quarter.

Tritium DCFC Stock Up 2.7 %

NASDAQ DCFC opened at $6.88 on Thursday. The company has a 50 day moving average of $6.69 and a 200-day moving average of $7.63. Tritium DCFC has a 1-year low of $5.43 and a 1-year high of $19.75.

Institutional Trading of Tritium DCFC

A number of hedge funds and other institutional investors have recently modified their holdings of DCFC. Invesco Ltd. acquired a new stake in shares of Tritium DCFC in the first quarter valued at approximately $24,370,000. Bank of America Corp DE acquired a new stake in shares of Tritium DCFC in the first quarter valued at approximately $1,622,000. Raymond James & Associates acquired a new stake in shares of Tritium DCFC in the first quarter valued at approximately $524,000. Prelude Capital Management LLC acquired a new stake in shares of Tritium DCFC in the first quarter valued at approximately $398,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Tritium DCFC in the first quarter valued at approximately $382,000. Institutional investors and hedge funds own 21.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Tritium DCFC in a report on Friday, June 17th. They set a “buy” rating and a $12.00 price objective for the company. Credit Suisse Group assumed coverage on shares of Tritium DCFC in a report on Wednesday, September 7th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, Raymond James dropped their price objective on shares of Tritium DCFC from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday, July 12th.

About Tritium DCFC

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Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, the Middle East, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 175, and 350-kilowatt chargers.

Further Reading

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