BingEx Limited (NASDAQ:FLX – Get Free Report) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.43 and traded as low as $1.26. BingEx shares last traded at $1.40, with a volume of 240,023 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BingEx in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Report on BingEx
BingEx Price Performance
The company has a market cap of $88.65 million, a PE ratio of 8.17 and a beta of 0.53. The stock has a 50 day simple moving average of $1.42 and a two-hundred day simple moving average of $2.17.
BingEx (NASDAQ:FLX – Get Free Report) last announced its earnings results on Thursday, August 20th. The company reported $0.02 earnings per share (EPS) for the quarter. BingEx had a negative net margin of 0.33% and a positive return on equity of 10.13%. The business had revenue of $138.40 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its position in BingEx stock. Renaissance Technologies LLC raised its holdings in BingEx Limited (NASDAQ:FLX – Free Report) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,300 shares of the company’s stock after purchasing an additional 12,700 shares during the quarter. Renaissance Technologies LLC owned about 0.13% of BingEx worth $205,000 as of its most recent filing with the SEC.
About BingEx
BingEx Limited (NASDAQ: FLX) is a China-based technology company that operates an on-demand, intra-city delivery platform under the FlashEx brand. The company connects individuals and businesses with independent couriers to facilitate time-sensitive deliveries within cities. Its services are designed for a range of use cases, including the delivery of documents, personal items, commercial goods and other packages. BingEx also provides delivery solutions for business and enterprise customers, using technology to support order placement, courier matching, tracking and fulfillment.
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