RLX Technology (NYSE:RLX) Sees Strong Trading Volume – Should You Buy?

RLX Technology Inc. (NYSE:RLX) shares saw unusually-high trading volume on Monday . Approximately 4,532,443 shares were traded during trading, a decline of 3% from the previous session’s volume of 4,661,923 shares.The stock last traded at $2.53 and had previously closed at $2.40.

RLX Technology Price Performance

The company has a market capitalization of $3.81 billion, a PE ratio of 60.64 and a beta of 0.97. The stock has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $1.85.

RLX Technology Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology’s dividend payout ratio is presently 25.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Centiva Capital LP acquired a new stake in RLX Technology during the 3rd quarter valued at $29,000. Janney Montgomery Scott LLC acquired a new stake in shares of RLX Technology during the fourth quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of RLX Technology during the fourth quarter valued at $42,000. Catalina Capital Group LLC purchased a new stake in RLX Technology during the 4th quarter worth about $63,000. Finally, Blue Trust Inc. raised its stake in RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after purchasing an additional 26,220 shares during the last quarter. 22.68% of the stock is currently owned by institutional investors and hedge funds.

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.