RLX Technology Inc. (NYSE:RLX - Get Free Report)'s share price fell 3.5% during trading on Friday . The company traded as low as $2.08 and last traded at $2.08. 1,347,002 shares changed hands during trading, a decline of 72% from the average session volume of 4,780,919 shares. The stock had previously closed at $2.15.
Analyst Ratings Changes
A number of research firms have commented on RLX. Wall Street Zen lowered RLX Technology from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Citigroup lowered their price objective on RLX Technology from $2.50 to $2.25 and set a "neutral" rating on the stock in a research note on Monday, May 19th.
Check Out Our Latest Stock Analysis on RLX Technology
RLX Technology Stock Performance
The stock has a market capitalization of $3.47 billion, a P/E ratio of 55.26 and a beta of 1.07. The firm's fifty day simple moving average is $1.89 and its 200 day simple moving average is $2.05.
RLX Technology (NYSE:RLX - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.15). RLX Technology had a net margin of 15.70% and a return on equity of 2.48%. The business had revenue of $111.35 million during the quarter, compared to the consensus estimate of $763.38 million.
Hedge Funds Weigh In On RLX Technology
Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new position in shares of RLX Technology in the 4th quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of RLX Technology during the 4th quarter valued at approximately $42,000. Boothbay Fund Management LLC bought a new stake in shares of RLX Technology during the 4th quarter valued at approximately $43,000. Ground Swell Capital LLC bought a new stake in shares of RLX Technology during the 1st quarter valued at approximately $47,000. Finally, Headlands Technologies LLC grew its holdings in shares of RLX Technology by 411.8% during the 1st quarter. Headlands Technologies LLC now owns 25,766 shares of the company's stock valued at $48,000 after purchasing an additional 20,732 shares during the last quarter. 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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