BingEx (NASDAQ:FLX) Upgraded at Wall Street Zen

BingEx (NASDAQ:FLX) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BingEx in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BingEx currently has an average rating of “Hold” and a consensus target price of $4.70.

BingEx Stock Performance

NASDAQ FLX opened at $3.16 on Friday. The stock’s fifty day moving average is $3.19 and its two-hundred day moving average is $3.24. The firm has a market capitalization of $176.76 million, a P/E ratio of -316.00 and a beta of 0.87. BingEx has a fifty-two week low of $2.01 and a fifty-two week high of $9.49.

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

Institutional Trading of BingEx

Large investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in BingEx in the third quarter valued at $32,000. XTX Topco Ltd acquired a new position in shares of BingEx during the 2nd quarter worth about $34,000. Jane Street Group LLC acquired a new position in shares of BingEx during the 2nd quarter worth about $40,000. Citadel Advisors LLC increased its holdings in shares of BingEx by 82.6% in the 3rd quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock valued at $355,000 after acquiring an additional 50,198 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position 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 acquiring an additional 5,196,683 shares in the last quarter.

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. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.