According to Zacks, “RLX Technology Inc. is a researcher, develops, manufactures, distributes and sells e-vapor products principally in the People’s Republic of China. RLX Technology Inc. is based in Beijing, China. “
Separately, Citigroup dropped their price target on RLX Technology from $11.50 to $6.00 in a research report on Monday, March 14th.
RLX Technology (NYSE:RLX – Get Rating) last issued its quarterly earnings results on Friday, March 11th. The company reported $0.06 EPS for the quarter. RLX Technology had a return on equity of 15.68% and a net margin of 23.92%. The firm had revenue of $298.84 million during the quarter. On average, research analysts forecast that RLX Technology will post 0.1 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. IDG China Venture Capital Fund V Associates L.P. purchased a new stake in RLX Technology in the 4th quarter valued at $234,269,000. BlackRock Inc. grew its holdings in RLX Technology by 7.0% in the 4th quarter. BlackRock Inc. now owns 26,057,973 shares of the company’s stock valued at $101,624,000 after buying an additional 1,711,933 shares in the last quarter. State Street Corp grew its holdings in RLX Technology by 4.9% in the 4th quarter. State Street Corp now owns 9,976,900 shares of the company’s stock valued at $38,910,000 after buying an additional 465,658 shares in the last quarter. Yong Rong HK Asset Management Ltd grew its holdings in RLX Technology by 663.0% in the 1st quarter. Yong Rong HK Asset Management Ltd now owns 7,630,000 shares of the company’s stock valued at $13,658,000 after buying an additional 6,630,000 shares in the last quarter. Finally, Morgan Stanley grew its holdings in RLX Technology by 91.1% in the 2nd quarter. Morgan Stanley now owns 6,042,789 shares of the company’s stock valued at $52,754,000 after buying an additional 2,880,438 shares in the last quarter. Hedge funds and other institutional investors own 27.02% of the company’s stock.
RLX Technology Company Profile (Get Rating)
RLX Technology Inc, together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. The company was founded in 2018 and is based in Beijing, China.
- Get a free copy of the StockNews.com research report on RLX Technology (RLX)
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