BingEx (NASDAQ:FLX) Trading Down 5.4% – What’s Next?

Shares of BingEx Limited (NASDAQ:FLX) dropped 5.4% during mid-day trading on Tuesday . The company traded as low as $7.01 and last traded at $7.34. Approximately 4,051 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 43,900 shares. The stock had previously closed at $7.75.

BingEx Price Performance

The firm has a fifty day simple moving average of $8.49.

BingEx (NASDAQ:FLX) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $140.96 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC bought a new stake in shares of BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned approximately 0.16% of BingEx as of its most recent filing with the Securities and Exchange Commission (SEC).

BingEx Company Profile

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.