BingEx (NASDAQ:FLX) Sees Large Volume Increase – Time to Buy?

BingEx Limited (NASDAQ:FLX) saw unusually-high trading volume on Friday . Approximately 14,561 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 12,547 shares.The stock last traded at $9.10 and had previously closed at $9.47.

BingEx Stock Performance

The stock’s 50 day moving average is $8.39.

BingEx (NASDAQ:FLX) last issued its quarterly earnings results on Wednesday, November 27th. The company reported $0.12 EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC purchased a new stake in shares of BingEx Limited (NASDAQ:FLX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 reporting period.

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.