RLX Technology (NYSE:RLX) Hits New 1-Year High – Here’s What Happened

RLX Technology Inc. (NYSE:RLX)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $2.47 and last traded at $2.41, with a volume of 3138719 shares. The stock had previously closed at $2.28.

RLX Technology Stock Up 4.2 %

The stock has a market cap of $3.73 billion, a P/E ratio of 59.14 and a beta of 0.97. The firm has a 50 day moving average price of $2.10 and a 200 day moving average price of $1.84.

RLX Technology Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is presently 25.01%.

Hedge Funds Weigh In On RLX Technology

Large investors have recently modified their holdings of the stock. Hosking Partners LLP boosted its holdings in RLX Technology by 24.8% in the fourth quarter. Hosking Partners LLP now owns 981,533 shares of the company’s stock valued at $2,120,000 after purchasing an additional 194,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in RLX Technology in the fourth quarter valued at approximately $42,000. Catalina Capital Group LLC purchased a new stake in shares of RLX Technology during the fourth quarter worth $63,000. Janney Montgomery Scott LLC acquired a new stake in RLX Technology in the fourth quarter valued at $31,000. Finally, SG Americas Securities LLC increased its position in shares of RLX Technology by 7.6% during the fourth quarter. SG Americas Securities LLC now owns 303,215 shares of the company’s stock worth $655,000 after purchasing an additional 21,476 shares in the last quarter. Institutional investors own 22.68% of the company’s stock.

RLX Technology Company Profile

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.