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

Shares of BingEx Limited (NASDAQ:FLX) gapped down before the market opened on Tuesday . The stock had previously closed at $8.98, but opened at $8.40. BingEx shares last traded at $8.54, with a volume of 2,213 shares changing hands.

BingEx Price Performance

The firm has a 50 day moving average of $8.39.

BingEx (NASDAQ:FLX) last posted its earnings results on Wednesday, November 27th. The company reported $0.12 earnings per share 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 position in shares of BingEx Limited (NASDAQ:FLX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 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.