RLX Technology Inc. (NYSE:RLX - Get Free Report)'s share price shot up 1.9% on Friday . The company traded as high as $2.10 and last traded at $2.10. 1,299,428 shares were traded during trading, a decline of 72% from the average session volume of 4,674,160 shares. The stock had previously closed at $2.06.
RLX Technology Price Performance
The company has a market capitalization of $3.33 billion, a P/E ratio of 53.01 and a beta of 1.03. The company has a 50 day moving average of $1.81 and a 200-day moving average of $1.76.
RLX Technology Dividend Announcement
The firm also recently disclosed an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.01 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology's dividend payout ratio is currently 25.00%.
Hedge Funds Weigh In On RLX Technology
Hedge funds and other institutional investors have recently made changes to their positions in the business. Centiva Capital LP bought a new position in RLX Technology in the third quarter worth about $29,000. Blue Trust Inc. raised its position in shares of RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company's stock worth $65,000 after acquiring an additional 26,220 shares in the last quarter. Profund Advisors LLC bought a new position in shares of RLX Technology in the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 10,596 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RLX Technology during the third quarter valued at approximately $108,000. 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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