Charge Enterprises (NASDAQ:CRGE) Stock Price Up 4.7%

Charge Enterprises, Inc. (NASDAQ:CRGEGet Rating) shares rose 4.7% during trading on Thursday . The company traded as high as $5.33 and last traded at $5.31. Approximately 18,940 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 535,384 shares. The stock had previously closed at $5.07.

Separately, Maxim Group initiated coverage on Charge Enterprises in a research report on Monday, May 23rd. They issued a “buy” rating and a $8.00 target price on the stock.

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $5.03.

An institutional investor recently bought a new position in Charge Enterprises stock. Williams Jones Wealth Management LLC. acquired a new position in shares of Charge Enterprises, Inc. (NASDAQ:CRGEGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $74,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Charge Enterprises Company Profile (NASDAQ:CRGE)

Charge Enterprises Inc engages in building the electrification and telecommunications infrastructure for electric vehicle charging(EVC) and wireless network infrastructure, including 5G, tower, distributed antennae systems, small cell, and electrical infrastructure. The company operates through Telecommunications and Infrastructure segments.

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