Richardson Electronics (NASDAQ:RELL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.11 and traded as high as $12.19. Richardson Electronics shares last traded at $11.76, with a volume of 270,874 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on RELL shares. Northland Securities set a $11.00 target price on shares of Richardson Electronics in a research report on Thursday, January 22nd. Weiss Ratings lowered shares of Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.00.

Richardson Electronics Stock Up 4.9%

The stock’s 50-day moving average price is $11.93 and its 200 day moving average price is $11.11. The firm has a market cap of $170.76 million, a price-to-earnings ratio of 235.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, January 7th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $52.29 million during the quarter, compared to analyst estimates of $49.90 million. Richardson Electronics had a net margin of 0.38% and a return on equity of 3.30%. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, research analysts predict that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Kenneth Halverson sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $13.09, for a total value of $130,900.00. Following the completion of the transaction, the director owned 14,345 shares of the company’s stock, valued at $187,776.05. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jens Frank Ruppert sold 17,000 shares of the 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 completion of the transaction, the executive vice president directly owned 39,500 shares of the company’s stock, valued at $477,555. This trade represents a 30.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,000 shares of company stock valued at $447,890 over the last quarter. Corporate insiders own 33.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in Richardson Electronics by 2.5% in the third quarter. Royce & Associates LP now owns 1,389,175 shares of the technology company’s stock worth $13,600,000 after purchasing an additional 34,000 shares in the last quarter. State Street Corp raised its position in Richardson Electronics by 1.9% in the fourth quarter. State Street Corp now owns 243,427 shares of the technology company’s stock worth $2,648,000 after purchasing an additional 4,629 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Richardson Electronics by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after purchasing an additional 5,802 shares in the last quarter. Acadian Asset Management LLC raised its position in Richardson Electronics by 17.0% in the first quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock worth $928,000 after purchasing an additional 12,097 shares in the last quarter. Finally, AMH Equity Ltd acquired a new position in Richardson Electronics in the third quarter worth about $783,000. 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.