Richardson Electronics (NASDAQ:RELL – Get Free Report) released its quarterly earnings data on Tuesday. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03), Zacks reports. Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%.
Richardson Electronics Price Performance
Shares of NASDAQ RELL opened at $14.74 on Wednesday. Richardson Electronics has a one year low of $8.08 and a one year high of $15.51. The firm has a market cap of $211.98 million, a price-to-earnings ratio of -294.80, a P/E/G ratio of 1.74 and a beta of 0.95. The stock’s fifty day moving average price is $14.18 and its two-hundred day moving average price is $12.82.
Insider Activity
In related 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, for a total transaction of $59,805.00. Following the transaction, the director now owns 13,706 shares in the company, valued at $182,152.74. The trade was a 48.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.84% of the stock is currently owned by company insiders.
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.
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