Tritium DCFC (NASDAQ:DCFC – Get Rating) had its price target cut by B. Riley from $10.00 to $6.00 in a research note published on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.
Several other analysts have also commented on the stock. DA Davidson cut their target price on shares of Tritium DCFC from $14.00 to $12.00 in a research note on Tuesday, September 27th. Roth Capital cut their target price on Tritium DCFC from $4.00 to $2.00 in a research report on Tuesday, January 17th. Raymond James cut their price objective on Tritium DCFC from $7.00 to $4.00 and set an outperform rating on the stock in a report on Wednesday, January 4th. Finally, Credit Suisse Group reduced their price target on shares of Tritium DCFC from $8.00 to $3.00 and set a neutral rating for the company in a research report on Friday, January 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Tritium DCFC has an average rating of Moderate Buy and an average price target of $6.83.
Get Tritium DCFC alerts:Tritium DCFC Stock Up 3.5 %
NASDAQ:DCFC opened at $1.46 on Tuesday. The business's 50-day moving average price is $1.47 and its 200 day moving average price is $3.68. Tritium DCFC has a 52-week low of $1.03 and a 52-week high of $19.75.
Institutional Investors Weigh In On Tritium DCFC
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. bought a new position in shares of Tritium DCFC in the first quarter valued at approximately $30,000. Wolverine Asset Management LLC grew its position in shares of Tritium DCFC by 169.2% in the third quarter. Wolverine Asset Management LLC now owns 10,141 shares of the company's stock valued at $32,000 after purchasing an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Tritium DCFC by 19.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 45,419 shares of the company's stock worth $277,000 after purchasing an additional 7,419 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Tritium DCFC during the 1st quarter valued at approximately $89,000. Finally, Toroso Investments LLC bought a new position in Tritium DCFC in the 3rd quarter worth approximately $32,000. 21.56% of the stock is currently owned by institutional investors and hedge funds.About Tritium DCFC
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Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 150, 175, and 350-kilowatt chargers.
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