RLX Technology Inc. Sponsored ADR (NYSE:RLX - Get Free Report) announced an annual dividend on Monday, August 25th, Wall Street Journal reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.01 per share on Friday, September 26th. This represents a dividend yield of 70.0%. The ex-dividend date of this dividend is Friday, September 12th.
RLX Technology has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings.
RLX Technology Stock Down 0.4%
Shares of RLX traded down $0.01 during mid-day trading on Monday, reaching $2.39. The company's stock had a trading volume of 4,472,637 shares, compared to its average volume of 4,660,503. The business has a fifty day moving average of $2.24 and a 200 day moving average of $2.11. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 34.15 and a beta of 1.09. RLX Technology has a 1 year low of $1.57 and a 1 year high of $2.69.
RLX Technology (NYSE:RLX - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.16). RLX Technology had a net margin of 22.32% and a return on equity of 4.56%. The business had revenue of $122.88 million during the quarter, compared to analysts' expectations of $725.00 million.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on RLX shares. Wall Street Zen downgraded shares of RLX Technology from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Citigroup dropped their price target on shares of RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $2.25.
Check Out Our Latest Stock Analysis on RLX Technology
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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