Tritium DCFC (NASDAQ:DCFC) Trading Up 6.7%

Tritium DCFC Limited (NASDAQ:DCFC)’s stock price rose 6.7% on Wednesday . The company traded as high as $1.25 and last traded at $0.95. Approximately 52,592 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 111,089 shares. The stock had previously closed at $0.89.

Tritium DCFC Price Performance

The company’s 50-day moving average is $14.35 and its 200 day moving average is $31.22.

Hedge Funds Weigh In On Tritium DCFC

A hedge fund recently raised its stake in Tritium DCFC stock. Bowman & Co S.C. boosted its holdings in shares of Tritium DCFC Limited (NASDAQ:DCFC) by 105.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 265,283 shares of the company’s stock after buying an additional 136,304 shares during the quarter. Bowman & Co S.C. owned 0.16% of Tritium DCFC worth $58,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.27% of the company’s stock.

About Tritium DCFC

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.