Richardson Electronics (NASDAQ:RELL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.56 and traded as high as $14.10. Richardson Electronics shares last traded at $14.01, with a volume of 50,145 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Richardson Electronics from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

Richardson Electronics Trading Up 1.4 %

The company has a market capitalization of $201.46 million, a P/E ratio of -280.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.96. The stock’s fifty day moving average is $12.31 and its 200 day moving average is $11.57.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, October 9th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. The company had revenue of $53.73 million during the quarter, compared to analyst estimates of $49.45 million. During the same period in the prior year, the business posted $0.09 earnings per share. On average, analysts expect that Richardson Electronics, Ltd. will post 0.33 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. Richardson Electronics’s dividend payout ratio is presently -480.00%.

Insider Activity at Richardson Electronics

In related news, Director James Benham acquired 4,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $13.29 per share, for a total transaction of $59,805.00. Following the acquisition, the director now owns 13,706 shares of the company’s stock, valued at $182,152.74. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 32.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RELL. Redmont Wealth Advisors LLC boosted its position in shares of Richardson Electronics by 4.7% during the first quarter. Redmont Wealth Advisors LLC now owns 57,591 shares of the technology company’s stock valued at $530,000 after purchasing an additional 2,590 shares in the last quarter. Parthenon LLC grew its position in shares of Richardson Electronics by 56.6% in the 1st quarter. Parthenon LLC now owns 126,069 shares of the technology company’s stock worth $1,161,000 after buying an additional 45,580 shares during the period. BNP Paribas Financial Markets grew its position in shares of Richardson Electronics by 98.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock worth $62,000 after buying an additional 3,333 shares during the period. Mendel Money Management increased its stake in shares of Richardson Electronics by 200.0% in the 1st quarter. Mendel Money Management now owns 18,100 shares of the technology company’s stock worth $167,000 after acquiring an additional 36,200 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Richardson Electronics during the 1st quarter valued at about $881,000. Institutional investors own 71.95% of the company’s stock.

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.