Lichen China (NASDAQ:LICN) Trading Up 1.7% – Time to Buy?

Lichen China Limited (NASDAQ:LICN) traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $1.89 and last traded at $1.82. 12,116 shares were traded 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 Price Performance

The stock’s 50-day moving average is $1.90 and its 200 day moving average is $1.65.

Institutional Trading of Lichen China

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

Lichen China Company Profile

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.