BingEx (NASDAQ:FLX) Announces Quarterly Earnings Results

BingEx (NASDAQ:FLX) issued its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, Zacks reports.

BingEx Price Performance

Shares of FLX stock opened at $2.92 on Wednesday. The stock’s fifty day moving average price is $3.36 and its 200 day moving average price is $3.11. BingEx has a 1-year low of $2.01 and a 1-year high of $11.73. The company has a market cap of $163.34 million and a price-to-earnings ratio of -16.22.

Hedge Funds Weigh In On BingEx

Several hedge funds have recently modified their holdings of FLX. Schonfeld Strategic Advisors LLC purchased a new position in shares of BingEx in the 3rd quarter valued at approximately $32,000. XTX Topco Ltd purchased a new position in shares of BingEx in the second quarter worth $34,000. Jane Street Group LLC acquired a new stake in shares of BingEx during the second quarter worth $40,000. Citadel Advisors LLC grew its holdings in shares of BingEx by 82.6% during the third quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock valued at $355,000 after buying an additional 50,198 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of BingEx by 400.0% during the third quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock valued at $20,852,000 after buying an additional 5,196,683 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on FLX. Weiss Ratings reissued a “sell (e+)” rating on shares of BingEx in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of BingEx to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.70.

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.