BingEx (NASDAQ:FLX) Trading Down 5.4% – Here’s What Happened

BingEx Limited (NASDAQ:FLX)’s share price fell 5.4% on Tuesday . The company traded as low as $7.01 and last traded at $7.34. 4,051 shares traded hands during trading, a decline of 91% from the average session volume of 43,900 shares. The stock had previously closed at $7.75.

BingEx Stock Performance

The business has a fifty day moving average of $8.48.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC acquired a new position in BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to the company in its most recent filing 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 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.