BingEx (NASDAQ:FLX) Shares Gap Down – Here’s Why

BingEx Limited (NASDAQ:FLX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.48, but opened at $8.00. BingEx shares last traded at $7.73, with a volume of 6,094 shares changing hands.

BingEx Stock Down 1.8 %

The firm has a 50-day moving average price of $8.48.

BingEx (NASDAQ:FLX) last issued its 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 for the quarter.

Hedge Funds Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC purchased a new position in BingEx Limited (NASDAQ:FLX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned about 0.16% 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.