Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.06 per share by the technology company on Wednesday, February 26th. This represents a $0.24 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 7th.
Richardson Electronics Trading Down 12.8 %
Shares of RELL stock traded down $1.88 on Wednesday, reaching $12.86. 178,853 shares of the company's stock were exchanged, compared to its average volume of 83,631. The company's fifty day simple moving average is $14.18 and its 200 day simple moving average is $12.82. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $15.51. The stock has a market capitalization of $184.94 million, a PE ratio of -257.20, a P/E/G ratio of 1.74 and a beta of 0.95.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last released its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. As a group, sell-side analysts predict that Richardson Electronics will post 0.33 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Richardson Electronics news, Director James Benham acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $13.29 per share, with a total value of $59,805.00. Following the completion of the purchase, the director now directly owns 13,706 shares in the company, valued at $182,152.74. The trade was a 48.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 32.84% of the company's stock.
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.
Recommended Stories
Before you consider Richardson Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richardson Electronics wasn't on the list.
While Richardson Electronics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
