BingEx (NASDAQ:FLX) Raised to Hold at Wall Street Zen

BingEx (NASDAQ:FLX) was upgraded by Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BingEx in a report on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.70.

BingEx Price Performance

NASDAQ FLX opened at $3.63 on Friday. BingEx has a 1 year low of $2.01 and a 1 year high of $11.73. The company has a market capitalization of $203.06 million, a PE ratio of -363.00 and a beta of 0.90. The company has a fifty day moving average of $3.37 and a 200 day moving average of $3.18.

BingEx (NASDAQ:FLX) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $141.23 million for the quarter. BingEx had a negative return on equity of 1.13% and a negative net margin of 5.04%.

Hedge Funds Weigh In On BingEx

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

BingEx Company Profile

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.