XCHG Limited’s (NASDAQ:XCH) Lock-Up Period To End on March 10th

XCHG’s (NASDAQ:XCH) lock-up period is set to expire on Monday, March 10th. XCHG had issued 3,333,335 shares in its public offering on September 10th. The total size of the offering was $20,666,677 based on an initial share price of $6.20. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

XCHG Stock Down 1.7 %

XCH stock opened at $1.13 on Wednesday. XCHG has a 52-week low of $0.94 and a 52-week high of $30.47. The stock’s fifty day simple moving average is $1.44.

XCHG (NASDAQ:XCH) last released its quarterly earnings results on Friday, December 13th. The company reported ($0.08) earnings per share for the quarter.

Institutional Investors Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC acquired a new position in XCHG Limited (NASDAQ:XCH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,692 shares of the company’s stock, valued at approximately $129,000.

XCHG Company Profile

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.