XCHG (NASDAQ:XCH) Shares Cross Above Fifty Day Moving Average – Here’s Why

XCHG Limited (NASDAQ:XCH) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $3.08 and traded as high as $3.98. XCHG shares last traded at $3.46, with a volume of 545,562 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XCHG in a research note on Friday, October 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, XCHG currently has a consensus rating of “Reduce”.

XCHG Stock Performance

The stock’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $5,245.57. The firm has a market cap of $14.12 million, a P/E ratio of -2.16 and a beta of -1.22.

XCHG (NASDAQ:XCH) last released its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $5.14 million for the quarter. As a group, analysts forecast that XCHG Limited will post -2.63 EPS for the current fiscal year.

XCHG Company Profile

XCHG Limited is an electric vehicle charging technology company that develops and provides charging infrastructure and related software solutions. Its offerings are designed to support electric vehicle charging operators, commercial fleets, automakers, businesses and other customers seeking to deploy and manage charging networks.

The company’s products and services include direct-current fast-charging equipment, charging management software, energy management capabilities and related operational and maintenance services.