RLX Technology (NYSE:RLX) Trading Down 3.9%

RLX Technology Inc. (NYSE:RLX)’s share price was down 3.9% during mid-day trading on Tuesday . The stock traded as low as $4.61 and last traded at $4.68. Approximately 166,182 shares were traded during trading, a decline of 98% from the average daily volume of 10,207,326 shares. The stock had previously closed at $4.87.

The firm has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $7.71.

RLX Technology (NYSE:RLX) last announced its quarterly earnings results on Friday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $393.61 million for the quarter.

A number of hedge funds have recently bought and sold shares of RLX. regents capital Ltd bought a new position in RLX Technology during the 1st quarter worth $28,000. DekaBank Deutsche Girozentrale bought a new position in RLX Technology during the 2nd quarter worth $74,000. Bridgefront Capital LLC bought a new position in RLX Technology during the 2nd quarter worth $91,000. Lazard Asset Management LLC bought a new position in RLX Technology during the 2nd quarter worth $91,000. Finally, Russell Investments Group Ltd. bought a new position in RLX Technology during the 2nd quarter worth $96,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

RLX Technology Company Profile (NYSE:RLX)

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.

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