XCHG (NASDAQ:XCH) Stock Price Down 7.5% – Should You Sell?

Shares of XCHG Limited (NASDAQ:XCH) traded down 7.5% on Tuesday . The stock traded as low as $0.6114 and last traded at $0.6401. 7,384 shares were traded during trading, a decline of 91% from the average session volume of 84,191 shares. The stock had previously closed at $0.6919.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XCHG in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, XCHG presently has an average rating of “Reduce”.

XCHG Price Performance

The stock’s fifty day simple moving average is $0.90 and its 200-day simple moving average is $1.06. The stock has a market cap of $46.43 million, a P/E ratio of -8.00 and a beta of -1.05.

XCHG (NASDAQ:XCH) last announced its quarterly earnings results on Monday, April 27th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $6.32 million during the quarter. Analysts forecast that XCHG Limited will post -0.15 EPS for the current year.

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.