Richardson Electronics (NASDAQ:RELL - Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Zacks reports. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%.
Richardson Electronics Price Performance
RELL stock traded down $0.13 during midday trading on Tuesday, reaching $14.74. The company had a trading volume of 75,482 shares, compared to its average volume of 59,668. The company has a market capitalization of $211.98 million, a price-to-earnings ratio of -294.80, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. Richardson Electronics has a 1-year low of $8.08 and a 1-year high of $15.51. The stock has a 50 day moving average price of $14.17 and a 200-day moving average price of $12.80.
Insider Buying and Selling at Richardson Electronics
In other Richardson Electronics news, Director James Benham purchased 4,500 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $13.29 per share, with a total value of $59,805.00. Following the acquisition, the director now owns 13,706 shares of the company's stock, valued at approximately $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 32.84% of the company's stock.
Richardson Electronics Company Profile
(
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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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