BingEx (NASDAQ:FLX) Trading Down 6.8% – Here’s Why

Shares of BingEx Limited (NASDAQ:FLX) traded down 6.8% on Friday . The stock traded as low as $8.36 and last traded at $8.21. 398 shares were traded during mid-day trading, a decline of 97% from the average session volume of 14,854 shares. The stock had previously closed at $8.80.

BingEx Price Performance

The company’s fifty day moving average price is $8.41.

BingEx (NASDAQ:FLX) last released its quarterly earnings data on Wednesday, November 27th. The company reported $0.12 earnings per share for the quarter.

Hedge Funds Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC bought a new position in BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,405 shares of the company’s stock, valued at approximately $335,000. Millennium Management LLC owned approximately 0.06% of BingEx as of its most recent filing with the Securities and Exchange Commission (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.