Lichen China (NASDAQ:LICN) Trading 1.7% Higher – Here’s Why

Lichen China Limited (NASDAQ:LICN) shares traded up 1.7% during trading on Thursday . The stock traded as high as $1.89 and last traded at $1.82. 12,116 shares changed hands during trading, a decline of 97% from the average session volume of 445,344 shares. The stock had previously closed at $1.79.

Lichen China Trading Up 1.1 %

The company has a 50 day moving average of $1.89 and a 200 day moving average of $1.65.

Institutional Trading of Lichen China

A hedge fund recently bought a new stake in Lichen China stock. XTX Topco Ltd purchased a new position in shares of Lichen China Limited (NASDAQ:LICN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,315 shares of the company’s stock, valued at approximately $54,000. XTX Topco Ltd owned about 0.14% of Lichen China at the end of the most recent reporting period.

About Lichen China

Lichen China Limited, together with its subsidiaries, operates as an investment holding company, provides financial and taxation, education support, and software and maintenance services in the People's Republic of China and internationally. The company offers financial and taxation related management consultation, internal control management consultation, annual or regular consultation, and internal training and general consultation services; and education support services, including marketing, operational, and technical support, as well as sells teaching and learning materials.