Lixiang Education (NASDAQ:LXEH) Trading 6.7% Higher – What’s Next?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) rose 6.7% during trading on Friday . The company 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 business’s fifty day moving average is $1.50 and its two-hundred day moving average is $1.73.

Hedge Funds Weigh In On Lixiang Education

A hedge fund recently bought a new stake 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 its most recent Form 13F filing with the Securities and Exchange Commission. 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 SEC filing. Hedge funds and other institutional investors own 0.51% of the company’s stock.

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.