Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.75 and traded as high as $14.05. Richardson Electronics shares last traded at $13.87, with a volume of 70,015 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Richardson Electronics from a "sell" rating to a "hold" rating in a report on Friday, July 26th.
View Our Latest Analysis on RELL
Richardson Electronics Price Performance
The business's fifty day moving average price is $12.61 and its two-hundred day moving average price is $11.78. The stock has a market capitalization of $202.18 million, a PE ratio of -281.20, a price-to-earnings-growth ratio of 2.84 and a beta of 0.95.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 9th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $53.73 million for the quarter, compared to the consensus estimate of $49.45 million. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities research analysts anticipate that Richardson Electronics, Ltd. will post 0.33 earnings per share for the current fiscal year.
Richardson Electronics Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 8th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, November 8th. Richardson Electronics's dividend payout ratio is currently -480.00%.
Insiders Place Their Bets
In other news, Director James Benham bought 4,500 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $13.29 per share, with a total value of $59,805.00. Following the acquisition, the director now directly owns 13,706 shares in the company, valued at $182,152.74. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.84% of the company's stock.
Institutional Trading of Richardson Electronics
Several institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in shares of Richardson Electronics during the 1st quarter valued at approximately $881,000. American Century Companies Inc. increased its stake in Richardson Electronics by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 18,372 shares of the technology company's stock worth $218,000 after buying an additional 2,359 shares in the last quarter. Azarias Capital Management L.P. acquired a new position in shares of Richardson Electronics during the second quarter valued at approximately $3,565,000. Vanguard Group Inc. boosted its stake in Richardson Electronics by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 589,790 shares of the technology company's stock worth $5,432,000 after purchasing an additional 23,266 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Richardson Electronics by 98.1% during the first quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company's stock worth $62,000 after acquiring an additional 3,333 shares during the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.
About Richardson Electronics
(
Get Free Report)
Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.
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