XCHG (NASDAQ:XCH) Trading Up 0.5% – Still a Buy?

Shares of XCHG Limited (NASDAQ:XCH) rose 0.5% during trading on Monday . The stock traded as high as $1.0899 and last traded at $1.0349. Approximately 22,195 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 35,618 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

Several brokerages have issued reports on XCH. Zacks Research raised shares of XCHG to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of XCHG in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XCHG currently has an average rating of “Reduce”.

XCHG Price Performance

The stock has a market capitalization of $61.52 million, a price-to-earnings ratio of -12.94 and a beta of -0.85. The firm has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.24.

About XCHG

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.