Tritium DCFC’s (DCFC) Neutral Rating Reiterated at B. Riley

B. Riley reissued their neutral rating on shares of Tritium DCFC (NASDAQ:DCFC) in a research note published on Monday morning, Benzinga reports. B. Riley currently has a $1.00 target price on the stock.

Separately, Raymond James downgraded Tritium DCFC from an outperform rating to a market perform rating in a research report on Tuesday, October 3rd.

Tritium DCFC Price Performance

Shares of Tritium DCFC stock opened at $0.21 on Monday. The stock has a 50 day moving average of $0.48 and a 200 day moving average of $0.88. Tritium DCFC has a 12 month low of $0.16 and a 12 month high of $2.20.

Institutional Investors Weigh In On Tritium DCFC

Several large investors have recently added to or reduced their stakes in DCFC. Two Sigma Advisers LP purchased a new position in shares of Tritium DCFC in the 1st quarter worth approximately $29,000. Advisor Group Holdings Inc. bought a new stake in Tritium DCFC in the first quarter worth $30,000. Engineers Gate Manager LP bought a new stake in Tritium DCFC in the fourth quarter worth $31,000. Toroso Investments LLC purchased a new position in Tritium DCFC during the third quarter worth $32,000. Finally, XTX Topco Ltd bought a new position in Tritium DCFC during the second quarter valued at $36,000. 37.70% of the stock is owned by institutional investors.

Tritium DCFC Company Profile

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in Australia and internationally. The company's charging station hardware portfolio includes various standalone chargers and distributed chargers. Its service and maintenance portfolio includes warranties, service level agreements, and sales of spare parts.