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

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

Richardson Electronics Stock Down 0.9 %

Shares of Richardson Electronics stock traded down $0.13 on Tuesday, reaching $14.74. The company’s stock had a trading volume of 68,564 shares, compared to its average volume of 53,586. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $15.51. The firm’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $12.80. The company has a market capitalization 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.

Insider Activity at Richardson Electronics

In other news, Director James Benham purchased 4,500 shares of the stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $13.29 per share, with a total value of $59,805.00. Following the acquisition, the director now directly owns 13,706 shares of the company’s stock, valued at $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.84% of the stock is currently 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.