Lixiang Education (NASDAQ:LXEH) Trading Down 1.5% – Here’s What Happened

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) shares traded down 1.5% on Wednesday . The company traded as low as $1.31 and last traded at $1.33. 14,465 shares were traded during trading, a decline of 99% from the average session volume of 1,214,813 shares. The stock had previously closed at $1.35.

Lixiang Education Stock Performance

The company’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $2.01.

Lixiang Education (NASDAQ:LXEH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($3.59) EPS for the quarter. The firm had revenue of $1.13 million for the quarter.

Hedge Funds Weigh In On Lixiang Education

A hedge fund 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 second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned about 2.58% of Lixiang Education as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors and hedge funds.

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.