Lixiang Education (NASDAQ:LXEH) Stock Price Down 1.5% – Should You Sell?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) traded down 1.5% during trading on Wednesday . The stock traded as low as $1.31 and last traded at $1.33. 14,465 shares were traded during mid-day 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 Price Performance

The firm has a 50 day moving average price of $1.43 and a 200 day moving average price of $2.03.

Lixiang Education (NASDAQ:LXEH) last posted 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 during the quarter.

Institutional Trading of Lixiang Education

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd bought a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 quarter. Hedge funds and other institutional investors own 0.51% of the company’s stock.

Lixiang Education Company Profile

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.