BingEx (NASDAQ:FLX) Stock Price Down 6.1% – Time to Sell?

BingEx Limited (NASDAQ:FLX) shares fell 6.1% during trading on Tuesday . The company traded as low as $7.54 and last traded at $7.75. 7,085 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 45,274 shares. The stock had previously closed at $8.25.

BingEx Price Performance

The company’s fifty day moving average price is $8.51.

BingEx (NASDAQ:FLX) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.06) EPS for the quarter. The firm 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 purchased a new position in shares of BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 SEC filing.

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.