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

BingEx Limited (NASDAQ:FLX)’s share price gapped down prior to trading 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 changing hands.

BingEx Price Performance

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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BingEx stock. Millennium Management LLC acquired a new stake in BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.