RLX Technology (NYSE:RLX) Trading Up 9.3%

Shares of RLX Technology Inc. (NYSE:RLXGet Rating) were up 9.3% during mid-day trading on Friday . The stock traded as high as $1.42 and last traded at $1.41. Approximately 49,949 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 3,728,827 shares. The stock had previously closed at $1.29.

RLX Technology Price Performance

The company has a fifty day moving average of $1.64 and a 200-day moving average of $1.94. The company has a current ratio of 4.97, a quick ratio of 4.86 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.13 billion, a PE ratio of 4.03 and a beta of -1.14.

Institutional Investors Weigh In On RLX Technology

Large investors have recently bought and sold shares of the stock. PEAK6 Investments LLC purchased a new stake in RLX Technology during the 4th quarter worth about $58,000. Parallax Volatility Advisers L.P. purchased a new stake in RLX Technology during the 4th quarter worth about $62,000. QCM Cayman Ltd. purchased a new stake in RLX Technology during the 4th quarter worth about $95,000. US Bancorp DE purchased a new stake in RLX Technology during the 2nd quarter worth about $64,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RLX Technology during the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 17.69% 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. RLX Technology Inc was founded in 2018 and is based in Beijing, China.

Further Reading

Receive News & Ratings for RLX Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLX Technology and related companies with MarketBeat.com's FREE daily email newsletter.