BingEx (NASDAQ:FLX) Stock Price Down 6.1% – Time to Sell?

BingEx Limited (NASDAQ:FLX)’s share price fell 6.1% on Tuesday . The company traded as low as $7.54 and last traded at $7.75. 7,085 shares were traded during trading, a decline of 84% from the average session volume of 45,274 shares. The stock had previously closed at $8.25.

BingEx Stock Down 6.7 %

The business has a 50-day moving average of $8.51.

BingEx (NASDAQ:FLX) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.06) earnings per share for the quarter. The business 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) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned 0.16% of BingEx at the end of the most recent reporting period.

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.