RLX Technology Inc. (NYSE:RLX - Get Free Report) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 6,332,674 shares changed hands during trading, an increase of 40% from the previous session's volume of 4,528,921 shares.The stock last traded at $1.79 and had previously closed at $1.69.
The newly announced dividend which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, December 6th. This represents a yield of 0.59%. RLX Technology's dividend payout ratio is currently 25.01%.
RLX Technology Trading Up 8.0 %
The stock has a market cap of $2.87 billion, a P/E ratio of 45.64 and a beta of 0.93. The business has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $1.77.
RLX Technology (NYSE:RLX - Get Free Report) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.01 earnings per share for the quarter. RLX Technology had a return on equity of 2.48% and a net margin of 18.25%. The business had revenue of $86.30 million during the quarter.
Institutional Trading of RLX Technology
Several large investors have recently modified their holdings of RLX. Public Employees Retirement System of Ohio bought a new stake in RLX Technology during the 3rd quarter valued at approximately $221,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of RLX Technology in the 3rd quarter worth $118,000. XTX Topco Ltd purchased a new stake in shares of RLX Technology in the 3rd quarter worth $184,000. Quadrature Capital Ltd increased its stake in shares of RLX Technology by 163.9% in the 3rd quarter. Quadrature Capital Ltd now owns 189,751 shares of the company's stock worth $343,000 after purchasing an additional 117,846 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in RLX Technology by 8,292.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock worth $2,377,000 after buying an additional 1,297,651 shares in the last quarter. 22.68% of the stock is owned by institutional investors.
RLX Technology Company Profile
(
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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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