BingEx Limited's Lock-Up Period Will Expire on April 2nd (NASDAQ:FLX)

BingEx's (NASDAQ:FLX - Get Free Report) lock-up period is set to expire on Wednesday, April 2nd. BingEx had issued 4,000,000 shares in its initial public offering on October 4th. The total size of the offering was $66,000,000 based on an initial share price of $16.50. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

BingEx Trading Down 5.6 %

BingEx stock traded down $0.43 during trading hours on Friday, hitting $7.25. The stock had a trading volume of 6,286 shares, compared to its average volume of 42,650. The business has a 50 day moving average of $8.45. BingEx has a one year low of $6.50 and a one year high of $21.95.

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

Institutional Trading of BingEx

A hedge fund recently bought a new stake in BingEx stock. Millennium Management LLC bought a new stake in shares of BingEx Limited (NASDAQ:FLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,405 shares of the company's stock, valued at approximately $335,000. Millennium Management LLC owned approximately 0.06% of BingEx at the end of the most recent reporting period.

About BingEx

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.