RLX Expertise (NYSE:RLX) Shares Down 0.5%


Shares of RLX Expertise Inc. (NYSE:RLX – Get Free Report) dropped 0.5% throughout mid-day buying and selling on Wednesday . The corporate traded as little as $1.78 and final traded at $1.81. Roughly 1,679,141 shares had been traded throughout buying and selling, a decline of 64% from the common every day quantity of 4,672,641 shares. The inventory had beforehand closed at $1.82.

Analyst Upgrades and Downgrades

A number of analysis corporations have issued reviews on RLX. Citigroup elevated their goal worth on RLX Expertise from $2.40 to $2.76 and gave the inventory a “purchase” ranking in a analysis report on Monday, March 18th. TheStreet upgraded RLX Expertise from a “d” ranking to a “c-” ranking in a analysis report on Monday, March 18th.

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RLX Expertise Inventory Down 0.5 %

The inventory has a market cap of $2.84 billion, a PE ratio of 36.21 and a beta of 0.91. The agency has a 50-day easy shifting common of $1.90 and a 200-day easy shifting common of $1.90.

RLX Expertise (NYSE:RLX – Get Free Report) final issued its quarterly earnings information on Friday, Might seventeenth. The corporate reported ($0.01) earnings per share (EPS) for the quarter. RLX Expertise had a return on fairness of two.91% and a internet margin of 24.39%. The enterprise had income of $76.40 million in the course of the quarter.

Institutional Buyers Weigh In On RLX Expertise

A lot of institutional buyers and hedge funds have just lately made modifications to their positions in RLX. Vanguard Group Inc. raised its place in shares of RLX Expertise by 1.9% within the third quarter. Vanguard Group Inc. now owns 31,061,726 shares of the corporate’s inventory price $46,903,000 after shopping for a further 578,728 shares within the final quarter. Oasis Administration Co Ltd. raised its place in shares of RLX Expertise by 7.5% within the fourth quarter. Oasis Administration Co Ltd. now owns 5,137,739 shares of the corporate’s inventory price $10,275,000 after shopping for a further 357,334 shares within the final quarter. E Fund Administration Co. Ltd. bought a brand new stake in shares of RLX Expertise within the fourth quarter price $705,000. Point72 Europe London LLP bought a brand new stake in RLX Expertise in the course of the fourth quarter valued at about $616,000. Lastly, Bounce Monetary LLC bought a brand new stake in RLX Expertise in the course of the fourth quarter valued at about $522,000. Hedge funds and different institutional buyers personal 22.68% of the corporate’s inventory.

About RLX Expertise

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RLX Expertise Inc, along with its subsidiaries, engages within the manufacture and sale of e-vapor merchandise within the Individuals’s Republic of China and internationally. It serves associate distributors and stores. The corporate was based in 2018 and is headquartered in Beijing, China.

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