Lixiang Education (NASDAQ:LXEH) Stock Price Down 9.2% – What’s Next?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH)’s stock price was down 9.2% on Monday . The company traded as low as $1.28 and last traded at $1.28. Approximately 38,544 shares were traded during trading, a decline of 5% from the average session volume of 40,761 shares. The stock had previously closed at $1.41.

Lixiang Education Price Performance

The stock has a 50-day moving average of $1.36 and a 200 day moving average of $1.84.

Lixiang Education (NASDAQ:LXEH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($3.59) earnings per share (EPS) for the quarter. The business had revenue of $1.13 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Lixiang Education stock. XTX Topco Ltd acquired a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

About Lixiang Education

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.