Deutsche Bank Aktiengesellschaft started coverage on shares of BingEx (NASDAQ:FLX - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $4.70 price target on the stock.
BingEx Trading Up 13.2%
NASDAQ FLX traded up $0.45 during trading hours on Tuesday, hitting $3.87. 328,583 shares of the stock were exchanged, compared to its average volume of 51,361. The stock has a 50-day moving average of $2.44 and a 200 day moving average of $6.15. BingEx has a 12-month low of $2.01 and a 12-month high of $21.95.
BingEx (NASDAQ:FLX - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.07 EPS for the quarter. The company had revenue of $132.40 million for the quarter.
Institutional Trading of BingEx
An institutional investor recently bought a new position in BingEx stock. Citadel Advisors LLC acquired a new stake in BingEx Limited (NASDAQ:FLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,507 shares of the company's stock, valued at approximately $919,000. Citadel Advisors LLC owned approximately 0.16% of BingEx as of its most recent SEC filing.
About BingEx
(
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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.
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