XCHG’s (XCH) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of XCHG (NASDAQ:XCHFree Report) in a report issued on Thursday,Weiss Ratings reports.

XCHG Stock Down 1.9%

Shares of XCHG stock opened at $1.53 on Thursday. The firm has a market cap of $90.96 million and a PE ratio of -19.13. XCHG has a 12-month low of $0.55 and a 12-month high of $27.94. The company’s fifty day simple moving average is $1.41 and its two-hundred 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 purchased a new position in XCHG Limited (NASDAQ:XCHFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,520 shares of the company’s stock, valued at approximately $58,000.

About XCHG

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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.

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