Richardson Electronics (NASDAQ:RELL) Stock Passes Above Two Hundred Day Moving Average – Should You 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 $12.59 and traded as high as $14.25. Richardson Electronics shares last traded at $14.01, with a volume of 202,380 shares changing hands.

Richardson Electronics Price Performance

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

Richardson Electronics (NASDAQ:RELL) last posted its quarterly 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 return on equity of 0.24% and a negative net margin of 0.40%. The business had revenue of $53.73 million for the quarter, compared to the consensus estimate of $49.45 million. During the same period in the prior year, the business earned $0.09 EPS. On average, equities research analysts anticipate that Richardson Electronics, Ltd. will post 0.33 earnings per share for the current year.

Richardson Electronics Announces Dividend

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

Insider Activity at Richardson Electronics

In other Richardson Electronics news, Director James Benham purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $13.29 per share, with a total value of $59,805.00. Following the transaction, the director now owns 13,706 shares in the company, valued at $182,152.74. The trade was a 48.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.84% of the stock is currently owned by insiders.

Institutional Trading of Richardson Electronics

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Richardson Electronics by 14.7% during the second quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock valued at $218,000 after buying an additional 2,359 shares during the last quarter. Azarias Capital Management L.P. purchased a new position in Richardson Electronics in the second quarter worth $3,565,000. Royce & Associates LP grew its stake in Richardson Electronics by 8.7% in the 3rd quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company’s stock valued at $13,927,000 after purchasing an additional 90,164 shares during the period. Squarepoint Ops LLC grew its position in Richardson Electronics by 11.8% during the second quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock valued at $258,000 after buying an additional 2,284 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Richardson Electronics by 3.6% during the second 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 last quarter. 71.95% of the stock is owned by hedge funds and other institutional investors.

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.