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RLX Technology (NYSE:RLX) Announces Earnings Results

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RLX Technology (NYSE:RLX - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19), Zacks reports. The business had revenue of $111.46 million for the quarter, compared to analyst estimates of $764.69 million. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%.

RLX Technology Trading Up 6.4 %

RLX stock traded up $0.13 during trading on Tuesday, reaching $2.09. 13,160,358 shares of the stock were exchanged, compared to its average volume of 4,626,299. The business has a 50 day moving average price of $2.27 and a 200-day moving average price of $1.96. RLX Technology has a 1 year low of $1.50 and a 1 year high of $2.69. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 52.14 and a beta of 0.93.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of RLX Technology from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $2.80 to $2.50 in a research report on Monday.

Check Out Our Latest Stock Report on RLX Technology

About RLX Technology

(Get Free Report)

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.

See Also

Earnings History for RLX Technology (NYSE:RLX)

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