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

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) shares shot up 6.7% during trading on Friday . The stock 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 daily volume of 98,785 shares. The stock had previously closed at $1.6301.

Lixiang Education Trading Up 6.7%

The stock has a 50-day moving average price of $1.50 and a two-hundred day moving average price of $1.73.

Hedge Funds Weigh In On Lixiang Education

A hedge fund recently bought a new stake 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.

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.