RLX Technology (NYSE:RLX – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, September 21st. Investors that are interested in participating in the company’s conference call can do so using this link.
RLX Technology Price Performance
RLX stock opened at $1.20 on Monday. The business has a fifty day moving average of $1.56 and a two-hundred day moving average of $1.87. The company has a quick ratio of 4.86, a current ratio of 4.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 3.53 and a beta of -1.14. RLX Technology has a 52-week low of $1.16 and a 52-week high of $6.47.
Institutional Investors Weigh In On RLX Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RLX. BlackRock Inc. increased its stake in RLX Technology by 8.3% during the first quarter. BlackRock Inc. now owns 28,218,391 shares of the company’s stock worth $50,510,000 after acquiring an additional 2,160,418 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of RLX Technology by 30.9% in the first quarter. Canada Pension Plan Investment Board now owns 475,660 shares of the company’s stock valued at $851,000 after buying an additional 112,260 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of RLX Technology by 1.0% in the first quarter. Vanguard Group Inc. now owns 27,034,486 shares of the company’s stock valued at $48,392,000 after buying an additional 257,261 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of RLX Technology by 22.0% in the first quarter. Bridgewater Associates LP now owns 2,347,335 shares of the company’s stock valued at $4,202,000 after buying an additional 423,046 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of RLX Technology by 186.4% in the first quarter. Renaissance Technologies LLC now owns 2,713,400 shares of the company’s stock valued at $4,857,000 after buying an additional 1,766,100 shares in the last quarter. Institutional investors and hedge funds own 17.69% of the company’s stock.
About RLX Technology
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.
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