Lixiang Education (NASDAQ:LXEH) Stock Price Down 1.5% – Should You Sell?

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH)’s share price was down 1.5% during trading on Wednesday . The stock traded as low as $1.31 and last traded at $1.33. Approximately 14,465 shares changed hands during trading, a decline of 99% from the average daily volume of 1,214,813 shares. The stock had previously closed at $1.35.

Lixiang Education Trading Down 1.5%

The firm has a 50-day moving average of $1.43 and a 200 day moving average of $2.03.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd bought a new stake in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 0.51% of the stock is owned by institutional investors and hedge funds.

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.