Lixiang Education (NASDAQ:LXEH) Announces Earnings Results

Lixiang Education (NASDAQ:LXEH) issued its quarterly earnings results on Friday. The company reported ($0.74) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.12 million during the quarter.

Lixiang Education Trading Up 4.6%

Shares of NASDAQ:LXEH opened at $1.79 on Friday. Lixiang Education has a 1 year low of $0.83 and a 1 year high of $32.80. The business’s 50 day moving average price is $1.58 and its 200-day moving average price is $1.65.

Hedge Funds Weigh In On Lixiang Education

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