Lixiang Education (NASDAQ:LXEH) Trading Down 9.2% – Here’s Why

Shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) dropped 9.2% during mid-day trading on Monday . The company traded as low as $1.28 and last traded at $1.28. 38,544 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 40,761 shares. The stock had previously closed at $1.41.

Lixiang Education Stock Performance

The company has a 50-day moving average of $1.35 and a 200 day moving average of $1.84.

Lixiang Education (NASDAQ:LXEH) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($3.59) earnings per share (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 acquired a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned approximately 2.58% of Lixiang Education as of its most recent filing with the SEC. 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.