Richardson Electronics (NASDAQ:RELL) Shares Pass Above 200-Day Moving Average – Should You Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.92 and traded as high as $10.62. Richardson Electronics shares last traded at $10.50, with a volume of 59,142 shares traded.

Analyst Upgrades and Downgrades

RELL has been the topic of several analyst reports. Weiss Ratings upgraded Richardson Electronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Zacks Research raised shares of Richardson Electronics from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Richardson Electronics has an average rating of “Moderate Buy”.

Richardson Electronics Price Performance

The company’s fifty day moving average price is $10.48 and its 200-day moving average price is $9.92. The stock has a market cap of $152.18 million, a price-to-earnings ratio of 1,051.05, a P/E/G ratio of 1.67 and a beta of 0.99.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Wednesday, October 8th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $54.61 million for the quarter, compared to analyst estimates of $51.51 million. Richardson Electronics had a net margin of 0.08% and a return on equity of 2.91%. During the same period in the prior year, the company earned $0.04 earnings per share. On average, sell-side analysts forecast that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.3%. Richardson Electronics’s dividend payout ratio (DPR) is presently 2,400.00%.

Insider Activity at Richardson Electronics

In related news, Director Kenneth Halverson sold 4,200 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $11.33, for a total value of $47,586.00. Following the completion of the transaction, the director directly owned 14,345 shares in the company, valued at $162,528.85. The trade was a 22.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert J. Ben sold 9,500 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $11.45, for a total transaction of $108,775.00. Following the sale, the chief financial officer owned 62,034 shares in the company, valued at approximately $710,289.30. This represents a 13.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 33.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Richardson Electronics

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of Richardson Electronics by 298.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock valued at $40,000 after buying an additional 3,117 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Richardson Electronics in the 2nd quarter valued at $57,000. Founders Capital Management increased its holdings in Richardson Electronics by 22.6% in the 2nd quarter. Founders Capital Management now owns 6,500 shares of the technology company’s stock worth $63,000 after acquiring an additional 1,200 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Richardson Electronics during the second quarter worth $103,000. Finally, GSA Capital Partners LLP acquired a new position in Richardson Electronics during the third quarter worth $104,000. Institutional investors and hedge funds own 71.95% of the company’s stock.

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.