Tritium DCFC (NASDAQ:DCFCW) Shares Down 8.9%

Tritium DCFC Limited (NASDAQ:DCFCW – Get Rating) was down 8.9% during mid-day trading on Wednesday . The company traded as low as $0.31 and last traded at $0.31. Approximately 6,099 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 29,160 shares. The stock had previously closed at $0.34.

Tritium DCFC Price Performance

The stock’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.37.

Institutional Trading of Tritium DCFC

Several hedge funds have recently modified their holdings of the stock. Aristeia Capital LLC bought a new stake in shares of Tritium DCFC in the 1st quarter valued at $875,000. Simplicity Solutions LLC bought a new stake in shares of Tritium DCFC in the 1st quarter valued at $62,000. Jane Street Group LLC bought a new stake in Tritium DCFC during the 1st quarter valued at $430,000. Sculptor Capital LP bought a new stake in Tritium DCFC during the 1st quarter valued at $340,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Tritium DCFC during the 1st quarter valued at $176,000.

Tritium DCFC Company Profile

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Tritium Pty Ltd. designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, Europe, Australia, and internationally. The company offers also offers CAN-Ethernet bridge products that allow to access from a PC application to the vehicle CAN bus. The company was founded in 2001 and is based in Murarrie, Australia.