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

BingEx Limited (NASDAQ:FLX) traded down 5.4% during trading on Tuesday . The company traded as low as $7.01 and last traded at $7.34. 4,051 shares changed 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 Trading Down 3.4 %

The business has a 50 day moving average of $8.49.

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

Institutional Trading of BingEx

An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC acquired a new stake in shares of BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned approximately 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.