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

Richardson Electronics, Ltd. (NASDAQ:RELL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.16 and traded as high as $10.86. Richardson Electronics shares last traded at $10.64, with a volume of 36,973 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings raised shares of Richardson Electronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Richardson Electronics presently has an average rating of “Hold”.

Richardson Electronics Price Performance

The company has a market capitalization of $154.17 million, a PE ratio of 1,065.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. The stock’s 50 day simple moving average is $10.63 and its 200-day simple moving average is $10.16.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, October 8th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $54.61 million during the quarter, compared to analysts’ expectations of $51.51 million. Richardson Electronics had a net margin of 0.08% and a return on equity of 2.91%. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, equities analysts predict that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Announces Dividend

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Richardson Electronics by 11.8% during the 1st quarter. American Century Companies Inc. now owns 27,172 shares of the technology company’s stock worth $303,000 after purchasing an additional 2,860 shares during the last quarter. Nuveen LLC acquired a new stake in Richardson Electronics in the first quarter valued at $239,000. Strs Ohio purchased a new stake in Richardson Electronics during the 1st quarter worth about $289,000. Goldman Sachs Group Inc. boosted its position in shares of Richardson Electronics by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after acquiring an additional 5,802 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Richardson Electronics by 78.2% in the 1st quarter. Trexquant Investment LP now owns 49,317 shares of the technology company’s stock valued at $550,000 after acquiring an additional 21,646 shares during the last quarter. Hedge funds and other institutional investors 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.