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

BingEx Limited (NASDAQ:FLX) gapped down prior to trading on Monday . The stock had previously closed at $8.77, but opened at $8.55. BingEx shares last traded at $7.82, with a volume of 4,798 shares changing hands.

BingEx Stock Performance

The stock has a fifty day simple moving average of $8.50.

BingEx (NASDAQ:FLX) last posted its earnings results on Wednesday, March 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $140.96 million for the quarter.

Institutional Investors Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC bought a new position in BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

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.