RLX Technology Inc. (NYSE:RLX - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $1.63, but opened at $1.75. RLX Technology shares last traded at $1.69, with a volume of 1,668,034 shares.
RLX Technology Stock Up 4.0 %
The stock has a market capitalization of $2.66 billion, a PE ratio of 42.13 and a beta of 0.93. The stock's 50 day moving average price is $1.68 and its 200-day moving average price is $1.77.
RLX Technology (NYSE:RLX - Get Free Report) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.01 earnings per share (EPS) 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 institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in RLX Technology in the 3rd quarter worth approximately $221,000. Y Intercept Hong Kong Ltd bought a new stake in shares of RLX Technology during the third quarter valued at approximately $118,000. XTX Topco Ltd purchased a new position in shares of RLX Technology in the third quarter worth $184,000. Quadrature Capital Ltd boosted its position in shares of RLX Technology by 163.9% during the third quarter. Quadrature Capital Ltd now owns 189,751 shares of the company's stock worth $343,000 after acquiring an additional 117,846 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in RLX Technology by 8,292.2% during the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company's stock valued at $2,377,000 after acquiring an additional 1,297,651 shares in the last quarter. Hedge funds and other institutional investors 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.
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