Richardson Electronics (NASDAQ:RELL) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.75 and traded as high as $14.05. Richardson Electronics shares last traded at $13.87, with a volume of 70,015 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Richardson Electronics from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

Richardson Electronics Stock Performance

The firm’s 50 day moving average is $12.56 and its 200 day moving average is $11.75. The stock has a market cap of $199.46 million, a P/E ratio of -277.40, a price-to-earnings-growth ratio of 2.82 and a beta of 0.94.

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

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 8th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 8th. Richardson Electronics’s payout ratio is presently -480.00%.

Insider Buying and Selling at Richardson Electronics

In other news, Director James Benham bought 4,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $13.29 per share, with a total value of $59,805.00. Following the transaction, the director now directly owns 13,706 shares in the company, valued at $182,152.74. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 32.84% of the company’s stock.

Institutional Investors Weigh In On Richardson Electronics

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Richardson Electronics during the first quarter worth about $42,000. Perritt Capital Management Inc. acquired a new position in Richardson Electronics during the 1st quarter worth approximately $46,000. BNP Paribas Financial Markets raised its stake in shares of Richardson Electronics by 98.1% during 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Richardson Electronics by 32.1% in the 2nd quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock valued at $138,000 after buying an additional 2,830 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Richardson Electronics in the first quarter valued at approximately $109,000. 71.95% of the stock is owned by institutional investors and hedge funds.

Richardson Electronics Company Profile

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.