Tritium DCFC (NASDAQ:DCFC) Shares Set to Reverse Split on Tuesday, April 2nd

Tritium DCFC Limited (NASDAQ:DCFC)’s stock is going to reverse split on the morning of Tuesday, April 2nd. The 1-200 reverse split was announced on Tuesday, April 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 2nd.

Tritium DCFC Stock Performance

Shares of DCFC stock remained flat at $0.06 during mid-day trading on Monday. The company’s stock had a trading volume of 2,211,324 shares, compared to its average volume of 4,534,481. The firm’s 50-day moving average price is $0.11 and its two-hundred day moving average price is $0.22. Tritium DCFC has a 12 month low of $0.06 and a 12 month high of $1.52.

Institutional Investors Weigh In On Tritium DCFC

Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. purchased a new position in Tritium DCFC in the first quarter valued at about $30,000. Goldman Sachs Group Inc. increased its stake 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 in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Tritium DCFC during the 1st quarter worth approximately $89,000. Toroso Investments LLC purchased a new stake in Tritium DCFC in the 3rd quarter worth approximately $32,000. Finally, JPMorgan Chase & Co. grew its stake in Tritium DCFC by 57.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,679 shares of the company’s stock worth $181,000 after acquiring an additional 10,841 shares during the period. Institutional investors and hedge funds 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.