XCHG (NASDAQ:XCH) Reaches New 1-Year Low – Should You Sell?

XCHG Limited (NASDAQ:XCH) reached a new 52-week low on Thursday . The stock traded as low as $1.09 and last traded at $1.13, with a volume of 198119 shares trading hands. The stock had previously closed at $1.18.

XCHG Price Performance

The stock’s 50 day moving average is $8.99.

XCHG (NASDAQ:XCH) last released its quarterly earnings data on Friday, December 13th. The company reported ($0.08) earnings per share for the quarter.

Hedge Funds Weigh In On XCHG

An institutional investor recently bought a new position in XCHG stock. HHM Wealth Advisors LLC purchased a new position in shares of XCHG Limited (NASDAQ:XCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,692 shares of the company’s stock, valued at approximately $129,000.

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.