RLX Technology Inc. (NYSE:RLX - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.19 and last traded at $2.18, with a volume of 4584674 shares changing hands. The stock had previously closed at $2.12.
RLX Technology Stock Up 2.8 %
The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 54.51 and a beta of 1.03. The company's 50-day moving average price is $1.81 and its 200-day moving average price is $1.76.
RLX Technology Dividend Announcement
The company also recently announced an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology's dividend payout ratio (DPR) is presently 25.00%.
Institutional Investors Weigh In On RLX Technology
A number of large investors have recently modified their holdings of RLX. Franklin Resources Inc. boosted its position in RLX Technology by 14.5% during the third quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock worth $497,000 after acquiring an additional 37,294 shares during the last quarter. Virtu Financial LLC lifted its stake in RLX Technology by 142.9% in the 3rd quarter. Virtu Financial LLC now owns 85,047 shares of the company's stock worth $154,000 after purchasing an additional 50,033 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of RLX Technology during the 3rd quarter worth approximately $221,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of RLX Technology in the third quarter valued at approximately $118,000. Finally, XTX Topco Ltd acquired a new stake in shares of RLX Technology in the third quarter valued at approximately $184,000. Hedge funds and other institutional investors own 22.68% of the company's stock.
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.
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