Stock market analysts at Capital One Financial initiated a hedge on the shares of Tritium DCFC (NASDAQ: DCFC – Get a rating) in a research note published on Friday, Briefing.com reports. The company has set an “overweight” rating and a price target of $14.00 on the stock. Capital One FinancialThe stock’s price target indicates a potential upside of 83.01% from the stock’s previous close.
Several other research companies have also recently commented on DCFC. Zacks Investment Research downgraded shares of Tritium DCFC from a “buy” rating to a “hold” rating in a Tuesday, March 8 report. Raymond James raised his price target on Tritium DCFC shares from $10.00 to $11.00 and gave the company an “outperform” rating in a Tuesday, April 5 research note.
NASDAQ: DCFC opened at $7.65 on Friday. Tritium DCFC has a one-year low of $6.42 and a one-year high of $19.75. The company has a fifty-day moving average of $8.71.
Institutional investors have recently changed their positions in the company. Advisor Group Holdings Inc. acquired a new stake in Tritium DCFC during the first quarter worth approximately $30,000. Wolverine Asset Management LLC acquired a new stake in Tritium DCFC during the first quarter worth approximately $132,000. JPMorgan Chase & Co. acquired a new stake in Tritium DCFC during the first quarter valued at approximately $189,000. Raymond James & Associates acquired a new stake in Tritium DCFC during the first quarter valued at approximately $524,000. Finally, the Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tritium DCFC in the first quarter for a value of approximately $2,668,000. Hedge funds and other institutional investors own 48.45% of the company’s shares.
About Tritium DCFC (Get a rating)
Tritium DCFC Limited designs, manufactures and supplies DC chargers for electric vehicles in the United States, Australia and the Netherlands. The company provides approximately 3.6 million high-power charging sessions. It also provides Ethernet CAN bridge products. The company serves retail and hospitality, workplaces and dealerships.
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