BingEx (NASDAQ:FLX) Shares Gap Down – Here’s Why

BingEx Limited (NASDAQ:FLX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.77, but opened at $8.55. BingEx shares last traded at $7.82, with a volume of 4,798 shares trading hands.

BingEx Price Performance

The stock’s fifty day simple moving average is $8.51.

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

Institutional Investors Weigh In On BingEx

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

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.