Lixiang Education (NASDAQ:LXEH) Trading 6.7% Higher – Here’s Why

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH)’s stock price rose 6.7% during mid-day trading on Friday . The stock traded as high as $1.74 and last traded at $1.74. Approximately 3,311 shares were traded during trading, a decline of 97% from the average session volume of 98,785 shares. The stock had previously closed at $1.6301.

Lixiang Education Price Performance

The company has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.73.

Institutional Trading of Lixiang Education

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd bought a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education at the end of the most recent quarter. Institutional investors and hedge funds 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.