BingEx (NASDAQ:FLX) Sees Unusually-High Trading Volume – Should You Buy?

BingEx Limited (NASDAQ:FLX) shares saw unusually-high trading volume on Friday . Approximately 14,561 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 12,547 shares.The stock last traded at $9.10 and had previously closed at $9.47.

BingEx Price Performance

The business has a 50-day moving average of $8.41.

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

Institutional Trading of BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC purchased a new position in shares of BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned approximately 0.16% 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.