Richardson Electronics, Ltd. (NASDAQ:RELL)’s stock price passed 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 firm has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $4.33. The firm has a market cap of $56.87 million, a P/E ratio of -28.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.64 and a quick ratio of 2.56.
Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.15). The firm had revenue of $37.36 million during the quarter. Richardson Electronics had a negative return on equity of 1.51% and a negative net margin of 1.18%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 6th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.54%.
A hedge fund recently bought a new stake in Richardson Electronics stock. Marquette Asset Management LLC bought a new stake in Richardson Electronics, Ltd. (NASDAQ:RELL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,930 shares of the technology company’s stock, valued at approximately $176,000. Marquette Asset Management LLC owned approximately 0.35% of Richardson Electronics as of its most recent SEC filing. Institutional investors own 45.83% of the company’s stock.
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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