Richardson Electronics (NASDAQ:RELL) Stock Passes Above 200-Day Moving Average of $4.33

Richardson Electronics, Ltd. (NASDAQ:RELL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.33 and traded as high as $4.44. Richardson Electronics shares last traded at $4.33, with a volume of 4,462 shares.

The stock has a market cap of $56.87 million, a price-to-earnings ratio of -28.87 and a beta of 0.54. The company has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $4.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.56 and a current ratio of 4.64.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.15). The company had revenue of $37.36 million for the quarter. Richardson Electronics had a negative return on equity of 1.51% and a negative net margin of 1.18%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 6th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Wednesday, August 5th.

An institutional investor recently bought a new position in Richardson Electronics stock. Marquette Asset Management LLC bought a new position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,930 shares of the technology company’s stock, valued at approximately $176,000. Marquette Asset Management LLC owned about 0.35% of Richardson Electronics at the end of the most recent quarter. Institutional investors own 45.83% of the company’s stock.

Richardson Electronics Company Profile (NASDAQ:RELL)

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.

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