Richardson Electronics (NASDAQ:RELL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.59 and traded as high as $14.25. Richardson Electronics shares last traded at $14.01, with a volume of 202,380 shares traded.

Richardson Electronics Stock Performance

The stock’s fifty day simple moving average is $14.07 and its two-hundred day simple moving average is $12.59. The stock has a market capitalization of $201.48 million, a P/E ratio of -280.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

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

Richardson Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 8th were paid a $0.06 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. Richardson Electronics’s payout ratio is -480.00%.

Insider Transactions at Richardson Electronics

In other news, Director James Benham acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $13.29 per share, for a total transaction of $59,805.00. Following the completion of the transaction, the director now directly owns 13,706 shares in the company, valued at $182,152.74. This represents a 48.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.84% of the stock is owned by corporate insiders.

Institutional Trading of Richardson Electronics

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Richardson Electronics by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock worth $218,000 after acquiring an additional 2,359 shares in the last quarter. Azarias Capital Management L.P. bought a new stake in Richardson Electronics in the second quarter worth approximately $3,565,000. Royce & Associates LP increased its holdings in Richardson Electronics by 8.7% in the third quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company’s stock worth $13,927,000 after purchasing an additional 90,164 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Richardson Electronics by 11.8% during the 2nd quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after buying an additional 2,284 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Richardson Electronics by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,577 shares of the technology company’s stock worth $1,564,000 after buying an additional 4,513 shares during the period. 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.