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BingEx (NASDAQ:FLX) Trading Down 1.3% - Here's What Happened

BingEx logo with Transportation background

BingEx Limited (NASDAQ:FLX - Get Free Report) fell 1.3% during mid-day trading on Wednesday . The stock traded as low as $2.11 and last traded at $2.21. 8,101 shares changed hands during trading, a decline of 83% from the average session volume of 48,750 shares. The stock had previously closed at $2.24.

BingEx Price Performance

The business has a 50-day moving average price of $6.27 and a 200-day moving average price of $8.61.

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

Institutional Trading of BingEx

An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC bought a new position in shares of BingEx Limited (NASDAQ:FLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 113,507 shares of the company's stock, valued at approximately $919,000. Citadel Advisors LLC owned 0.16% of BingEx as of its most recent filing with the Securities and Exchange Commission (SEC).

BingEx Company Profile

(Get Free Report)

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.

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