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

Shares of BingEx Limited (NASDAQ:FLX) gapped down before the market opened 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 company’s 50 day moving average price is $8.51.

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

Hedge Funds Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Millennium Management LLC acquired a new position in BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned 0.06% 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.