Richardson Electronics (NASDAQ:RELL) Stock Passes Above 200 Day Moving Average – Time to Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.16 and traded as high as $13.29. Richardson Electronics shares last traded at $12.97, with a volume of 72,552 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on RELL. Northland Securities reissued a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk downgraded Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th.

Richardson Electronics Trading Down 0.4 %

The stock has a market cap of $186.88 million, a PE ratio of 432.48, a P/E/G ratio of 1.98 and a beta of 0.93. The business has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $13.16.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. On average, research analysts predict that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.24 annualized dividend and a yield of 1.85%. Richardson Electronics’s payout ratio is 800.00%.

Insider Buying and Selling

In other news, CFO Robert J. Ben sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total transaction of $33,200.00. Following the completion of the sale, the chief financial officer now owns 54,534 shares of the company’s stock, valued at $724,211.52. The trade was a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 32.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RELL. Wells Fargo & Company MN boosted its stake in Richardson Electronics by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,213 shares of the technology company’s stock worth $101,000 after purchasing an additional 1,572 shares during the period. XTX Topco Ltd purchased a new position in Richardson Electronics during the 3rd quarter valued at $134,000. Insight Wealth Strategies LLC purchased a new position in Richardson Electronics in the 4th quarter worth about $140,000. Deutsche Bank AG boosted its holdings in shares of Richardson Electronics by 62.2% in the fourth quarter. Deutsche Bank AG now owns 10,452 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,009 shares during the period. Finally, Ritholtz Wealth Management purchased a new position in shares of Richardson Electronics during the fourth quarter valued at $172,000. 71.95% of the stock is currently owned by 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.