RLX Technology Inc. (NYSE:RLX - Get Free Report) shares saw an uptick in trading volume on Friday . 8,848,896 shares changed hands during trading, an increase of 91% from the previous session's volume of 4,633,865 shares.The stock last traded at $2.07 and had previously closed at $1.95.
RLX Technology Price Performance
The company's 50 day simple moving average is $1.72 and its 200 day simple moving average is $1.76. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 49.51 and a beta of 0.93.
RLX Technology Dividend Announcement
The company also recently announced an annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.01 dividend. The ex-dividend date is Friday, December 6th. This represents a yield of 0.59%. RLX Technology's dividend payout ratio (DPR) is 25.01%.
Hedge Funds Weigh In On RLX Technology
Institutional investors and hedge funds have recently modified their holdings of the company. Centiva Capital LP purchased a new stake in RLX Technology during the third quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in RLX Technology by 284.8% during the third quarter. Blue Trust Inc. now owns 35,428 shares of the company's stock worth $65,000 after purchasing an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of RLX Technology in the 2nd quarter valued at $72,000. Bank of New York Mellon Corp boosted its holdings in shares of RLX Technology by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company's stock valued at $73,000 after buying an additional 10,596 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of RLX Technology in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 22.68% of the company's stock.
RLX Technology Company Profile
(
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.
Further Reading
Before you consider RLX Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RLX Technology wasn't on the list.
While RLX Technology currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
