BingEx (NASDAQ:FLX) Shares Gap Down – What’s Next?

BingEx Limited (NASDAQ:FLX)’s stock price gapped down prior to trading 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 trading hands.

BingEx Price Performance

The stock’s 50 day simple moving average is $8.51.

BingEx (NASDAQ:FLX) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $140.96 million during the quarter.

Institutional Trading of BingEx

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

BingEx Company Profile

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.