BingEx (NASDAQ:FLX) Trading Down 5.4% – Should You Sell?

BingEx Limited (NASDAQ:FLX) fell 5.4% during mid-day 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 3.8 %

The stock has a 50 day moving average price of $8.48.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BingEx stock. Millennium Management LLC bought a new position in BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned about 0.06% of BingEx as of its most recent filing with the SEC.

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.