Richardson Electronics (NASDAQ:RELL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Richardson Electronics, Ltd. (NASDAQ:RELL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.91 and traded as high as $11.44. Richardson Electronics shares last traded at $11.42, with a volume of 86,022 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RELL. Weiss Ratings lowered Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 9th. Northland Securities set a $11.00 price target on Richardson Electronics in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.00.

Richardson Electronics Trading Up 1.1%

The firm has a 50-day moving average of $11.84 and a two-hundred day moving average of $10.92. The firm has a market cap of $166.40 million, a price-to-earnings ratio of 229.25, a PEG ratio of 1.78 and a beta of 1.09.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, January 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Richardson Electronics had a return on equity of 3.30% and a net margin of 0.38%.The firm had revenue of $52.29 million for the quarter, compared to analyst estimates of $49.90 million. During the same quarter last year, the firm posted ($0.05) EPS. As a group, equities analysts anticipate that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Richardson Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 6th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.24 dividend on an annualized basis and a yield of 2.1%. Richardson Electronics’s payout ratio is 480.00%.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $11.90, for a total value of $59,500.00. Following the sale, the chief financial officer directly owned 57,034 shares in the company, valued at $678,704.60. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jens Frank Ruppert sold 17,000 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $12.09, for a total transaction of $205,530.00. Following the transaction, the executive vice president owned 39,500 shares in the company, valued at approximately $477,555. The trade was a 30.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 36,000 shares of company stock worth $447,890 in the last ninety days. 33.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RELL. Aristides Capital LLC grew its position in Richardson Electronics by 4.7% during the fourth quarter. Aristides Capital LLC now owns 20,940 shares of the technology company’s stock worth $228,000 after buying an additional 940 shares in the last quarter. Nuveen LLC increased its stake in Richardson Electronics by 9.7% during the fourth quarter. Nuveen LLC now owns 16,970 shares of the technology company’s stock valued at $185,000 after acquiring an additional 1,507 shares during the period. Empowered Funds LLC raised its holdings in Richardson Electronics by 9.0% in the 4th quarter. Empowered Funds LLC now owns 19,142 shares of the technology company’s stock valued at $208,000 after acquiring an additional 1,587 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Richardson Electronics by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,753 shares of the technology company’s stock valued at $715,000 after acquiring an additional 1,587 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Richardson Electronics by 15.3% in the 2nd quarter. Wedbush Securities Inc. now owns 14,814 shares of the technology company’s stock worth $143,000 after acquiring an additional 1,970 shares during the period. Institutional investors and hedge funds own 71.95% of the company’s stock.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.