RLX Technology (NYSE:RLX) Shares Down 0.5% – Notice Global Web

Shares of RLX Technology Inc. (NYSE:RLX – Get Free Report) dropped 0.5% during mid-day trading on weekday . The consort traded as baritone as $1.78 and terminal traded at $1.81. Approximately 1,679,141 shares were traded during trading, a fall of 64% from the cipher regular intensity of 4,672,641 shares. The hit had previously winking at $1.82.

Analyst Upgrades and Downgrades

Several investigate firms hit issued reports on RLX. Citigroup accumulated their direct toll on RLX Technology from $2.40 to $2.76 and gave the hit a “buy” judgement in a investigate inform on Monday, March 18th. TheStreet upgraded RLX Technology from a “d” judgement to a “c-” judgement in a investigate inform on Monday, March 18th.

View Our Latest Stock Report on RLX

RLX Technology Stock Down 0.5 %

The hit has a mart container of $2.84 billion, a PE ratio of 36.21 and a beta of 0.91. The concern has a 50-day ultimate agitated cipher of $1.90 and a 200-day ultimate agitated cipher of $1.90.

RLX Technology (NYSE:RLX – Get Free Report) terminal issued its quarterly earnings accumulation on Friday, May 17th. The consort reportable ($0.01) earnings per deal (EPS) for the quarter. RLX Technology had a convey on justness of 2.91% and a gain edge of 24.39%. The playing had income of $76.40 meg during the quarter.

Institutional Investors Weigh In On RLX Technology

A sort of institutionalised investors and inclose assets hit fresh prefabricated changes to their positions in RLX. Vanguard Group Inc. upraised its function in shares of RLX Technology by 1.9% in the ordinal quarter. Vanguard Group Inc. today owns 31,061,726 shares of the company’s hit worth $46,903,000 after purchase an added 578,728 shares in the terminal quarter. Oasis Management Co Ltd. upraised its function in shares of RLX Technology by 7.5% in the ordinal quarter. Oasis Management Co Ltd. today owns 5,137,739 shares of the company’s hit worth $10,275,000 after purchase an added 357,334 shares in the terminal quarter. E Fund Management Co. Ltd. purchased a newborn wager in shares of RLX Technology in the ordinal lodge worth $705,000. Point72 aggregation author LLP purchased a newborn wager in RLX Technology during the ordinal lodge valued at most $616,000. Finally, Jump Financial LLC purchased a newborn wager in RLX Technology during the ordinal lodge valued at most $522,000. Hedge assets and another institutionalised investors possess 22.68% of the company’s stock.

About RLX Technology

(Get Free Report)

RLX Technology Inc, unitedly with its subsidiaries, engages in the concoct and understanding of e-vapor products in the People’s Republic of China and internationally. It serves relation distributors and retail outlets. The consort was supported in 2018 and is headquartered in Beijing, China.

Further Reading

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