Lixiang Education (NASDAQ:LXEH) Trading Up 4.6% – What’s Next?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was up 4.6% during trading on Friday . The stock traded as high as $1.80 and last traded at $1.79. Approximately 11,242 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 7,514 shares. The stock had previously closed at $1.7117.

Lixiang Education Stock Performance

The business has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $1.65.

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

Institutional Investors Weigh In On Lixiang Education

An institutional investor recently bought a new stake in Lixiang Education stock. XTX Topco Ltd purchased a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned approximately 2.58% of Lixiang Education at the end of the most recent reporting period. Institutional investors own 0.51% of the company’s stock.

About Lixiang Education

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.