XChange TEC.INC (NASDAQ:XHG) Stock Price Down 45.7% – What’s Next?

XChange TEC.INC (NASDAQ:XHGGet Free Report)’s share price dropped 45.7% on Friday . The company traded as low as $0.10 and last traded at $0.20. Approximately 8,583,612 shares traded hands during trading, an increase of 433% from the average daily volume of 1,610,147 shares. The stock had previously closed at $0.37.

XChange TEC.INC Stock Performance

The company’s 50 day moving average is $0.79 and its 200-day moving average is $1.94.

XChange TEC.INC Company Profile

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XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies.

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