Richardson Electronics (NASDAQ:RELL) Share Price Passes Below 50 Day Moving Average of $5.33
Richardson Electronics, Ltd. (NASDAQ:RELL) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.33 and traded as low as $5.45. Richardson Electronics shares last traded at $5.45, with a volume of 4,245 shares changing hands.
The business’s fifty day moving average price is $5.32. The company has a market cap of $70.47 million, a P/E ratio of 55.55 and a beta of 0.37.
Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Tuesday, April 9th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Richardson Electronics had a net margin of 0.46% and a return on equity of 0.97%. The company had revenue of $39.02 million for the quarter.
About Richardson Electronics (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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