Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases Shares of 257,918 RLX Technology Inc. Sponsored ADR $RLX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX) during the first quarter, HoldingsChannel reports. The institutional investor purchased 257,918 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new position in RLX Technology in the fourth quarter valued at $26,000. Insigneo Advisory Services LLC acquired a new position in shares of RLX Technology during the 4th quarter valued at about $29,000. AXQ Capital LP acquired a new position in shares of RLX Technology during the 4th quarter valued at about $30,000. SmartHarvest Portfolios LLC purchased a new position in shares of RLX Technology during the 4th quarter worth about $40,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of RLX Technology during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 22.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RLX shares. Wall Street Zen upgraded shares of RLX Technology from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RLX Technology in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.50.

RLX Technology Price Performance

Shares of NYSE:RLX opened at $2.04 on Friday. The firm has a market capitalization of $3.15 billion, a PE ratio of 20.35 and a beta of 1.16. The business has a 50-day moving average of $2.00 and a two-hundred day moving average of $2.17. RLX Technology Inc. Sponsored ADR has a 12 month low of $1.76 and a 12 month high of $2.84.

RLX Technology (NYSE:RLX) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. RLX Technology had a return on equity of 6.15% and a net margin of 20.76%.The business had revenue of $230.01 million for the quarter, compared to analyst estimates of $166.99 million.

RLX Technology Company Profile

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.