Stock of RELX Technology Rises 4.5% in US Market

Business by 2FIRSTS.ai
Dec.14.2023
Stock of RELX Technology Rises 4.5% in US Market
RELX Technology Inc.'s stock rose by 4.5% to $2.11 as trading volume dropped by 62% on December 13th.

According to reports in the US stock market, on December 13th, the stock of RELX Technology Inc. increased by 4.5%. The highest price reached $2.12 per share, while the final trading price was $2.11 per share. Approximately 3,177,867 shares were traded during the midday trading session, which is a 62% decrease from its average daily trading volume of 8,373,088 shares. The previous day, the stock closed at $2.02 per share.

 

Wall Street analysts are predicting future growth for the company. Recently, Citigroup lowered its price target for RELX Technology from $3.15 to $2.40 in a research report. This downgrade was announced on Friday, the 18th of this month.

 

The market capitalization of RELX Technology is currently $3.36 billion, with a price-earnings ratio of 25.50 and a beta coefficient of 0.99. The company's 50-day moving average price is $1.84, while its 200-day moving average price is $1.71.

 

RELX Technology recently released its financial report for the quarter. On Monday, the 13th of this month, the company reported earnings per share of $0.02. The company's revenue for this quarter amounted to $58.67 million. RELX Technology's equity return rate stands at 0.45%, with a net profit margin of 5.32%.

 

RELX Technology has recently announced a variable dividend, which will be paid on Friday, December 22nd. Shareholders on record as of Friday, December 1st will receive a dividend of $0.01, representing a yield of 0.4%. The ex-dividend date for this payment is Thursday, November 30th. RELX Technology currently has a dividend yield of 12.5%.

 

In addition, several hedge funds and institutional investors have recently bought and sold shares of this company. BlackRock Inc., in particular, increased its stake in RELX Technology by 8.3% in the first quarter. Following this quarter's transactions, BlackRock currently holds 28,218,391 shares of the company, with a total value of $50.51 million.

 

RELX Technology is a company dedicated to the research and development, distribution, and sales of e-cigarette products. Its operations span across China, providing services to partner distributors and other retail channels. RELX Technology was established in 2018, with its headquarters located in Beijing, China.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Philippine Authorities Seize 26,000 "Eutral" Vapes
Philippine Authorities Seize 26,000 "Eutral" Vapes
The Philippine CIDG raided a site in Marilao City, seizing 26,000 unregistered “Eutral” vape products worth PHP 9.1 million (about $157,000). A Chinese national was arrested at the scene.
May.22 by 2FIRSTS.ai
PMI Launches ZYN Nicotine Pouches in Guatemala, Marking First Entry in Central America
PMI Launches ZYN Nicotine Pouches in Guatemala, Marking First Entry in Central America
Philip Morris International (PMI) has launched ZYN nicotine pouches in Guatemala, offering a lower-risk alternative to smoking and accelerating progress toward a smoke-free future. Developed by a Swedish company, the product reduces the emission of harmful chemicals and is targeted at adult smokers.
Jul.07 by 2FIRSTS.ai
2Firsts Interview with Alchem: Addressing Quality, Speed, and Regulation in Next-Gen Nicotine Solutions
2Firsts Interview with Alchem: Addressing Quality, Speed, and Regulation in Next-Gen Nicotine Solutions
As global regulations tighten and demand for smoke-free alternatives grows, the nicotine industry is rapidly evolving. In an interview with 2Firsts, Alchem discusses how enhanced purity, consistency, and technological innovation help address quality, speed, and compliance challenges.
Jul.10
World Vape Show to Open on June 18, 2FIRSTS Marks Three Years of Comprehensive Coverage
World Vape Show to Open on June 18, 2FIRSTS Marks Three Years of Comprehensive Coverage
The World Vape Show is set to open on June 18 in Dubai. As the event’s official media partner, 2FIRSTS will provide on-site, in-depth coverage for the third consecutive year, offering real-time updates from the exhibition floor and insights into global industry trends.
Jun.12 by 2FIRSTS.ai
Product|GEEK MIRACLE to Launch Upgraded Fasoul C2 E-Cigarette in Japan
Product|GEEK MIRACLE to Launch Upgraded Fasoul C2 E-Cigarette in Japan
GEEK MIRACLE (HK) LIMITED to release upgraded Fasoul C2 e-cigarette with unique heating technology on May 30.
May.29 by 2FIRSTS.ai
Uruguay bans import, sale of e-cigarettes citing health risks.
Uruguay bans import, sale of e-cigarettes citing health risks.
Uruguay President Yamandú Orsi announced a full ban on e-cigarette imports, registration, and sales at a press conference.
Jun.05 by 2FIRSTS.ai