XCHG (NASDAQ:XCH) Shares Gap Up – Still a Buy?

XCHG Limited (NASDAQ:XCH)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $1.16, but opened at $1.23. XCHG shares last traded at $1.23, with a volume of 18,597 shares changing hands.

XCHG Price Performance

The stock has a 50 day simple moving average of $3.70.

XCHG (NASDAQ:XCH) last posted its quarterly earnings results on Friday, December 13th. The company reported ($0.08) EPS for the quarter.

Hedge Funds Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in XCHG Limited (NASDAQ:XCH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.