BingEx (NASDAQ:FLX) Stock Price Up 10.1% – What’s Next?

Shares of BingEx Limited (NASDAQ:FLX) traded up 10.1% during trading on Wednesday . The company traded as high as $2.64 and last traded at $2.51. 116,526 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 45,503 shares. The stock had previously closed at $2.28.

BingEx Trading Up 10.1%

The company’s fifty day moving average is $4.19 and its 200 day moving average is $7.37.

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

Institutional Investors Weigh In On BingEx

An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC purchased a new position in shares of BingEx Limited (NASDAQ:FLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

About BingEx

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.