RLX Technology Inc. (NYSE:RLX - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $2.21, but opened at $2.31. RLX Technology shares last traded at $2.21, with a volume of 1,672,592 shares.
RLX Technology Trading Down 0.5 %
The company has a market capitalization of $3.46 billion, a P/E ratio of 55.01 and a beta of 1.03. The stock has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.77.
RLX Technology Dividend Announcement
The company also recently declared an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date was Friday, December 6th. RLX Technology's dividend payout ratio (DPR) is currently 25.00%.
Institutional Investors Weigh In On RLX Technology
Several hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP acquired a new position in shares of RLX Technology during the third quarter worth $29,000. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 26,220 shares during the last quarter. Profund Advisors LLC acquired a new position in shares of RLX Technology in the second quarter worth approximately $72,000. Bank of New York Mellon Corp raised its holdings in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company's stock worth $73,000 after purchasing an additional 10,596 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of RLX Technology in the 3rd quarter worth approximately $108,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.
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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