Lixiang Education (NASDAQ:LXEH) Trading Up 4.6% – Should You Buy?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH)’s stock price rose 4.6% on Friday . The company traded as high as $1.80 and last traded at $1.79. 11,242 shares traded hands during trading, an increase of 50% from the average daily volume of 7,514 shares. The stock had previously closed at $1.7117.

Lixiang Education Stock Performance

The company’s 50 day moving average is $1.58 and its two-hundred day moving average is $1.65.

Lixiang Education (NASDAQ:LXEH) last announced its quarterly earnings results on Friday, September 11th. The company reported ($0.74) EPS for the quarter. The business had revenue of $1.12 million for the quarter.

Hedge Funds Weigh In On Lixiang Education

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd purchased a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 reporting period. 0.51% of the stock is owned by institutional investors.

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.