Tritium DCFC (NASDAQ:DCFC) Trading Up 6.7%

Tritium DCFC Limited (NASDAQ:DCFC) shares shot up 6.7% during mid-day trading on Wednesday . The company traded as high as $1.25 and last traded at $0.95. 52,592 shares were traded during trading, a decline of 53% from the average session volume of 111,089 shares. The stock had previously closed at $0.89.

Tritium DCFC Trading Up 6.7 %

The business has a 50-day moving average of $14.35 and a 200-day moving average of $31.22.

Hedge Funds Weigh In On Tritium DCFC

An institutional investor recently raised its position in Tritium DCFC stock. Bowman & Co S.C. lifted its holdings in Tritium DCFC Limited (NASDAQ:DCFC) by 105.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,283 shares of the company’s stock after acquiring an additional 136,304 shares during the quarter. Bowman & Co S.C. owned approximately 0.16% of Tritium DCFC worth $58,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.27% of the company’s stock.

Tritium DCFC Company Profile

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in Australia and internationally. The company's charging station hardware portfolio includes various standalone chargers and distributed chargers. Its service and maintenance portfolio includes warranties, service level agreements, and sales of spare parts.