RLX Technology (NYSE:RLX) Reaches New 52-Week High – Should You Buy?

Shares of RLX Technology Inc. (NYSE:RLX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.19 and last traded at $2.18, with a volume of 4584674 shares traded. The stock had previously closed at $2.12.

RLX Technology Trading Down 0.9 %

The business’s 50 day simple moving average is $1.83 and its two-hundred day simple moving average is $1.77. The firm has a market capitalization of $3.39 billion, a PE ratio of 54.01 and a beta of 1.03.

RLX Technology Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.01 dividend. 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 25.00%.

Institutional Trading of RLX Technology

Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of RLX Technology by 5.0% during the 3rd quarter. Barclays PLC now owns 110,471 shares of the company’s stock worth $200,000 after acquiring an additional 5,267 shares during the last quarter. Franklin Resources Inc. increased its position in RLX Technology by 14.5% in the third quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock worth $497,000 after buying an additional 37,294 shares in the last quarter. Virtu Financial LLC raised its stake in shares of RLX Technology by 142.9% in the third quarter. Virtu Financial LLC now owns 85,047 shares of the company’s stock worth $154,000 after buying an additional 50,033 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of RLX Technology during the 3rd quarter valued at about $221,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of RLX Technology during the 3rd quarter valued at approximately $118,000. 22.68% of the stock is currently owned by institutional investors.

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.