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

Richardson Electronics (NASDAQ:RELL) released its 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 return on equity of 0.24% and a negative net margin of 0.40%.

Richardson Electronics Trading Down 0.9 %

Richardson Electronics stock traded down $0.13 during mid-day trading on Tuesday, hitting $14.74. The stock had a trading volume of 68,564 shares, compared to its average volume of 53,586. Richardson Electronics has a one year low of $8.08 and a one year high of $15.51. The firm has a market capitalization of $211.98 million, a P/E ratio of -294.80, a P/E/G ratio of 1.74 and a beta of 0.95. The firm’s 50 day moving average is $14.17 and its 200 day moving average is $12.80.

Insider Buying and Selling at Richardson Electronics

In related news, Director James Benham bought 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $13.29 per share, with a total value of $59,805.00. Following the completion of the purchase, the director now owns 13,706 shares of the company’s stock, valued at approximately $182,152.74. The trade was a 48.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 32.84% of the company’s stock.

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.