RLX Technology (NYSE:RLX – Get Free Report) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday,Briefing.com Automated Import reports. They presently have a $2.50 price target on the stock, down from their prior price target of $2.80. Citigroup’s price objective would indicate a potential upside of 10.86% from the company’s previous close.
RLX Technology Trading Down 4.0 %
Shares of RLX Technology stock opened at $2.26 on Monday. The company’s 50-day moving average price is $2.28 and its 200-day moving average price is $1.96. RLX Technology has a 12-month low of $1.50 and a 12-month high of $2.69. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 56.39 and a beta of 0.93.
RLX Technology (NYSE:RLX – Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.19). The business had revenue of $111.46 million during the quarter, compared to analysts’ expectations of $764.69 million. RLX Technology had a net margin of 15.70% and a return on equity of 2.48%.
Institutional Trading of RLX Technology
About RLX Technology
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.
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