Tritium DCFC (NASDAQ:DCFC) Reaches New 52-Week Low at $5.26

Tritium DCFC Limited (NASDAQ:DCFCGet Rating)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $5.26 and last traded at $5.30, with a volume of 4957 shares changing hands. The stock had previously closed at $5.54.

Analyst Ratings Changes

Several research firms recently commented on DCFC. Raymond James cut their price target on Tritium DCFC from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group assumed coverage on shares of Tritium DCFC in a research report on Wednesday, September 7th. They set a “neutral” rating and a $8.00 price target for the company. Finally, B. Riley started coverage on shares of Tritium DCFC in a report on Friday, June 17th. They issued a “buy” rating and a $12.00 price target on the stock.

Tritium DCFC Stock Down 2.6 %

The company has a fifty day moving average of $6.68 and a two-hundred day moving average of $7.55.

Institutional Investors Weigh In On Tritium DCFC

A number of institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. bought a new position in Tritium DCFC during the first quarter worth $30,000. Penserra Capital Management LLC bought a new position in shares of Tritium DCFC in the 1st quarter worth about $89,000. Wolverine Asset Management LLC acquired a new position in shares of Tritium DCFC in the 1st quarter valued at about $132,000. Millennium Management LLC bought a new stake in shares of Tritium DCFC during the 2nd quarter valued at about $111,000. Finally, JPMorgan Chase & Co. acquired a new stake in Tritium DCFC during the first quarter worth about $189,000. 21.56% of the stock is currently owned by institutional investors.

Tritium DCFC Company Profile

(Get Rating)

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, the Middle East, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 175, and 350-kilowatt chargers.

Read More

Receive News & Ratings for Tritium DCFC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tritium DCFC and related companies with MarketBeat.com's FREE daily email newsletter.