Tritium DCFC (NASDAQ:DCFC) Trading 6.7% Higher

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

Tritium DCFC Price Performance

The company’s 50-day simple moving average is $13.17 and its two-hundred day simple moving average is $30.51.

Institutional Investors Weigh In On Tritium DCFC

A hedge fund recently raised its stake in Tritium DCFC stock. FNY Investment Advisers LLC raised its stake in shares of Tritium DCFC Limited (NASDAQ:DCFC) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,105,000 shares of the company’s stock after purchasing an additional 79,700 shares during the period. FNY Investment Advisers LLC owned 0.65% of Tritium DCFC worth $243,000 as of its most recent SEC filing. Institutional investors own 8.27% of the company’s stock.

About Tritium DCFC

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.