BingEx (NASDAQ:FLX) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of BingEx (NASDAQ:FLX) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $4.70 price target on the stock.

BingEx Trading Up 6.4%

Shares of NASDAQ FLX opened at $3.32 on Tuesday. BingEx has a 52 week low of $2.01 and a 52 week high of $21.95. The firm has a 50-day moving average price of $2.41 and a 200 day moving average price of $6.20.

BingEx (NASDAQ:FLX) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $132.40 million for the quarter.

Hedge Funds Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC bought a new position in shares of 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 fund bought 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned about 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.