Richardson Electronics (NASDAQ:RELL) Stock Rating Lowered by StockNews.com

Richardson Electronics (NASDAQ:RELL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other equities analysts also recently weighed in on the stock. Northland Securities reaffirmed a "market perform" rating on shares of Richardson Electronics in a research note on Monday, January 13th. Northland Capmk cut Richardson Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th.

Richardson Electronics Price Performance

Shares of NASDAQ:RELL traded up $0.26 on Friday, reaching $8.87. 5,677 shares of the company traded hands, compared to its average volume of 71,246. Richardson Electronics has a fifty-two week low of $7.57 and a fifty-two week high of $15.51. The company's 50 day moving average is $11.37 and its 200-day moving average is $12.93. The stock has a market capitalization of $127.81 million, a PE ratio of 295.77, a P/E/G ratio of 1.98 and a beta of 0.89.

Richardson Electronics (NASDAQ:RELL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The technology company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. The company had revenue of $53.80 million during the quarter, compared to the consensus estimate of $56.90 million. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, analysts expect that Richardson Electronics will post 0.27 EPS for the current year.

Insider Activity

In other news, CFO Robert J. Ben sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total transaction of $33,200.00. Following the sale, the chief financial officer now directly owns 54,534 shares in the company, valued at approximately $724,211.52. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.84% of the stock is currently owned by company insiders.

Institutional Trading of Richardson Electronics

A number of large investors have recently bought and sold shares of RELL. Wells Fargo & Company MN boosted its stake in Richardson Electronics by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,213 shares of the technology company's stock worth $101,000 after purchasing an additional 1,572 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Richardson Electronics during the third quarter worth about $134,000. Insight Wealth Strategies LLC bought a new position in Richardson Electronics in the fourth quarter valued at approximately $140,000. Deutsche Bank AG boosted its holdings in shares of Richardson Electronics by 62.2% in the fourth quarter. Deutsche Bank AG now owns 10,452 shares of the technology company's stock valued at $147,000 after buying an additional 4,009 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in shares of Richardson Electronics in the fourth quarter valued at approximately $172,000. 71.95% of the stock is currently owned by institutional investors.

About Richardson Electronics

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.