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

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.

BingEx Stock Down 5.1 %

The company’s fifty day moving average price is $8.39.

BingEx (NASDAQ:FLX) last posted its quarterly earnings data on Wednesday, November 27th. The company reported $0.12 earnings per share for the quarter.

Institutional Investors Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC acquired a new stake in BingEx Limited (NASDAQ:FLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned 0.16% of BingEx as of its most recent SEC filing.

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.