RLX Technology Inc. (NYSE:RLX - Get Free Report)'s share price rose 4.8% during trading on Wednesday . The company traded as high as $2.06 and last traded at $2.06. Approximately 1,856,853 shares were traded during trading, a decline of 60% from the average daily volume of 4,672,406 shares. The stock had previously closed at $1.96.
RLX Technology Price Performance
The stock has a market cap of $3.14 billion, a P/E ratio of 50.01 and a beta of 1.03. The stock has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $1.75.
RLX Technology Announces Dividend
The company also recently disclosed an annual 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 of this dividend is Friday, December 6th. This represents a yield of 0.59%. RLX Technology's dividend payout ratio is currently 25.00%.
Hedge Funds Weigh In On RLX Technology
Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position 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 valued at $73,000 after purchasing an additional 10,596 shares during the period. Centiva Capital LP acquired a new stake in shares of RLX Technology during the third quarter worth $29,000. Blue Trust Inc. raised its stake 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 buying an additional 26,220 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of RLX Technology by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company's stock valued at $497,000 after purchasing an additional 37,294 shares during the period. Finally, Profund Advisors LLC acquired a new position in RLX Technology in the second quarter valued at approximately $72,000. 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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