BingEx (NASDAQ:FLX) Trading Up 4.4% – What’s Next?

BingEx Limited (NASDAQ:FLX)’s share price shot up 4.4% during trading on Thursday . The stock traded as high as $8.13 and last traded at $8.13. 412 shares were traded during trading, a decline of 97% from the average session volume of 12,910 shares. The stock had previously closed at $7.79.

BingEx Price Performance

The stock has a 50-day moving average price of $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 for 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 stake in shares of BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 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.