XCHG (NASDAQ:XCH) Shares to Reverse Split on Friday, August 14th

XCHG Limited (NASDAQ:XCH) shares are scheduled to reverse split on Friday, August 14th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, August 13th.

XCHG Price Performance

Shares of XCH opened at $0.28 on Monday. The stock’s fifty day simple moving average is $0.63 and its 200-day simple moving average is $0.91. The firm has a market capitalization of $22.94 million, a PE ratio of -3.52 and a beta of -1.01. XCHG has a 12-month low of $0.23 and a 12-month high of $2.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XCHG in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

XCHG Company Profile

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.