Richardson Electronics (NASDAQ:RELL) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Richardson Electronics (NASDAQ:RELL) released its quarterly earnings results on Tuesday. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03), Zacks reports. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%.

Richardson Electronics Stock Down 0.9 %

RELL stock traded down $0.13 during midday trading on Tuesday, reaching $14.74. 71,951 shares of the company’s stock traded hands, compared to its average volume of 57,506. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $15.51. The company has a market cap of $211.98 million, a price-to-earnings ratio of -294.80, a P/E/G ratio of 1.74 and a beta of 0.95. The firm’s fifty day moving average price is $14.17 and its 200-day moving average price is $12.80.

Insider Activity at Richardson Electronics

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

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.