XCHG (NASDAQ:XCH) Trading 4.6% Higher – Time to Buy?

XCHG Limited (NASDAQ:XCH)’s stock price shot up 4.6% on Thursday . The company traded as high as $1.15 and last traded at $1.1510. 2,688 shares changed hands during trading, a decline of 95% from the average session volume of 56,989 shares. The stock had previously closed at $1.10.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of XCHG in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

XCHG Stock Up 9.3%

The company has a market cap of $73.12 million, a PE ratio of -15.38 and a beta of -0.78. The stock has a 50-day moving average of $1.37 and a 200-day moving average of $1.32.

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.