Richardson Electronics (NASDAQ:RELL) released its quarterly earnings results on Thursday. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Fidelity Earnings reports. The business had revenue of $44.16 million during the quarter. Richardson Electronics had a return on equity of 1.72% and a net margin of 2.34%.
Shares of NASDAQ:RELL opened at $7.94 on Friday. Richardson Electronics has a 52-week low of $6.16 and a 52-week high of $10.40. The company has a market capitalization of $113.50 million, a PE ratio of 54.81 and a beta of 0.83.
Get Richardson Electronics alerts:Separately, TheStreet raised Richardson Electronics from a “c+” rating to a “b-” rating in a research report on Thursday, July 26th.
In other news, VP Kathleen Mcnally sold 2,774 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $9.20, for a total value of $25,520.80. Following the completion of the transaction, the vice president now owns 15,282 shares of the company’s stock, valued at approximately $140,594.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Benham sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $9.60, for a total value of $48,000.00. The disclosure for this sale can be found here. Insiders sold a total of 16,774 shares of company stock valued at $156,559 in the last three months. Corporate insiders own 35.56% of the company’s stock.
About Richardson Electronics
Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.
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