LAIX (LAIX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of LAIX (NASDAQ:LAIX) from a sell rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “LAIX Inc. is an artificial intelligence company primarily in China. It creates and delivers products and services for English learning. The company’s proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX Inc. is based in Shanghai, China. “

LAIX traded up $0.21 on Tuesday, reaching $10.20. The company had a trading volume of 4,401 shares, compared to its average volume of 13,265. LAIX has a fifty-two week low of $7.01 and a fifty-two week high of $16.50.

LAIX (NASDAQ:LAIX) last announced its quarterly earnings results on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter. The company had revenue of $32.65 million for the quarter.

A number of large investors have recently modified their holdings of LAIX. TB Alternative Assets Ltd. bought a new position in shares of LAIX during the fourth quarter valued at $42,927,000. Mondrian Capital Management LLC bought a new position in shares of LAIX during the fourth quarter valued at $758,000. Finally, BlackRock Inc. bought a new position in shares of LAIX during the fourth quarter valued at $65,000.

About LAIX

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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