Lixiang Education (NASDAQ:LXEH) Stock Price Down 1.3% – Here’s Why

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) fell 1.3% on Friday. The company traded as low as $1.5001 and last traded at $1.57. 14,069 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,485,561 shares. The stock had previously closed at $1.59.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Lixiang Education from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lixiang Education presently has an average rating of “Sell”.

Lixiang Education Stock Performance

The business has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.57.

Lixiang Education (NASDAQ:LXEH) last announced its quarterly earnings data on Friday, September 11th. The company reported ($0.74) EPS for the quarter. The firm had revenue of $1.12 million for the quarter.

About Lixiang Education

Lixiang Education Holding Co, Ltd. is a China-based private education company that provides primary and secondary school education services. The company has been associated with Lixiang School in Lishui, Zhejiang Province, serving students in the surrounding region.

Its educational activities have included classroom instruction, student development programs and related school-management services for students in primary and middle school grades. The company’s operations have been focused primarily on the Chinese domestic education market rather than on a broad international network of schools.

Lixiang Education became publicly listed on the Nasdaq under the symbol LXEH in 2020.