Charge Enterprises (NASDAQ:CRGE) Trading 4.7% Higher

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

Separately, Maxim Group began coverage on Charge Enterprises in a research note on Monday, May 23rd. They issued a “buy” rating and a $8.00 price objective for the company.

The business has a 50-day moving average price of $5.03. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

A hedge fund recently bought a new stake in Charge Enterprises stock. Williams Jones Wealth Management LLC. bought a new stake in Charge Enterprises, Inc. (NASDAQ:CRGE – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $74,000. Institutional investors own 0.02% of the company’s stock.

About Charge Enterprises (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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