Charge Enterprises, Inc. (NASDAQ:CRGE – Get Rating) shares rose 5.4% during trading on Friday . The company traded as high as $3.10 and last traded at $3.10. Approximately 16,071 shares changed hands during trading, a decline of 98% from the average daily volume of 769,073 shares. The stock had previously closed at $2.94.
Wall Street Analysts Forecast Growth
Separately, Maxim Group reaffirmed a “buy” rating and set a $8.00 target price on shares of Charge Enterprises in a research report on Friday, June 24th.
Charge Enterprises Stock Performance
The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $4.37.
Charge Enterprises (NASDAQ:CRGE – Get Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $162.98 million during the quarter.
Insider Activity at Charge Enterprises
In related news, COO Craig Harper-Denson sold 12,500 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $4.45, for a total value of $55,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Institutional Trading of Charge Enterprises
Several hedge funds and other institutional investors have recently bought and sold shares of CRGE. Williams Jones Wealth Management LLC. bought a new stake in Charge Enterprises in the first quarter valued at about $74,000. Private Advisor Group LLC acquired a new position in Charge Enterprises in the second quarter valued at approximately $109,000. Strs Ohio acquired a new position in Charge Enterprises in the second quarter valued at approximately $120,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Charge Enterprises in the second quarter valued at approximately $148,000. 0.02% of the stock is owned by institutional investors.
Charge Enterprises Company Profile
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.
Further Reading
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Read More: Charge Enterprises (NASDAQ:CRGE) Stock Price Up 5.4%