XCHG (NASDAQ:XCH) Receives Sell (D-) Rating from Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of XCHG (NASDAQ:XCH) in a research note published on Thursday,Weiss Ratings reports.

XCHG Trading Up 2.6%

XCH opened at $1.56 on Thursday. The stock has a market capitalization of $92.74 million and a P/E ratio of -19.50. XCHG has a 12 month low of $0.55 and a 12 month high of $27.94. The firm’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.34.

Institutional Investors Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. XTX Topco Ltd acquired a new stake in XCHG Limited (NASDAQ:XCH) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 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.