Lixiang Education (NASDAQ:LXEH) Shares Set to Reverse Split on Monday, April 20th

Shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) are set to reverse split on Monday, April 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, April 19th.

Lixiang Education Trading Down 20.7%

NASDAQ LXEH traded down $0.05 on Wednesday, reaching $0.20. 4,331,479 shares of the company’s stock traded hands, compared to its average volume of 343,199. The stock has a 50 day moving average price of $0.23 and a 200-day moving average price of $0.49. Lixiang Education has a fifty-two week low of $0.16 and a fifty-two week high of $33.25.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lixiang Education in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd acquired a new position in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education as of its most recent filing with the Securities & Exchange Commission. 0.51% of the stock is currently owned by hedge funds and other 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.