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BingEx (NASDAQ:FLX) Trading Down 6.1% - Should You Sell?

BingEx logo with Transportation background
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BingEx Limited (NASDAQ:FLX - Get Free Report) fell 6.1% during trading on Tuesday . The company traded as low as $7.54 and last traded at $7.75. 7,085 shares traded hands during trading, a decline of 84% from the average session volume of 45,274 shares. The stock had previously closed at $8.25.

BingEx Price Performance

The company has a 50 day simple moving average of $8.51.

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

Institutional Investors Weigh In On BingEx

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

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.

See Also

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