BingEx (NASDAQ:FLX) Shares Gap Down – Should You Sell?

BingEx Limited (NASDAQ:FLX) shares gapped down prior to trading on Monday . The stock had previously closed at $8.48, but opened at $8.00. BingEx shares last traded at $7.73, with a volume of 6,094 shares.

BingEx Stock Down 1.8 %

The stock’s 50-day simple moving average is $8.48.

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

Institutional Inflows and Outflows

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