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BingEx (NASDAQ:FLX) Trading Down 5.4% - Here's Why

BingEx logo with Transportation background
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BingEx Limited (NASDAQ:FLX - Get Free Report)'s share price was down 5.4% on Tuesday . The company traded as low as $7.01 and last traded at $7.34. Approximately 4,051 shares were traded during trading, a decline of 91% from the average daily volume of 43,900 shares. The stock had previously closed at $7.75.

BingEx Trading Down 5.6 %

The firm's 50 day simple moving average is $8.45.

BingEx (NASDAQ:FLX - Get Free Report) last released 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 during the quarter.

Hedge Funds Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC acquired a new position in shares of BingEx Limited (NASDAQ:FLX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 41,405 shares of the company's stock, valued at approximately $335,000. Millennium Management LLC owned 0.06% of BingEx at the end of the most recent quarter.

About BingEx

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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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