XCHG (NASDAQ:XCH) Stock Scheduled to Reverse Split on Friday, August 21st

Shares of XCHG Limited (NASDAQ:XCH) are set to reverse split on the morning of Friday, August 21st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, August 20th.

XCHG Price Performance

Shares of XCH stock opened at $0.24 on Thursday. XCHG has a fifty-two week low of $0.23 and a fifty-two week high of $2.50. The stock’s 50-day moving average is $0.60 and its two-hundred day moving average is $0.89. The firm has a market cap of $19.84 million, a P/E ratio of -3.04 and a beta of -1.02.

Wall Street Analyst Weigh In

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

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.