Richardson Electronics (NASDAQ:RELL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.52 and traded as high as $14.47. Richardson Electronics shares last traded at $14.40, with a volume of 61,727 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Northland Securities set a $14.00 price objective on Richardson Electronics in a research report on Friday, April 10th. Weiss Ratings raised Richardson Electronics from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Richardson Electronics presently has an average rating of “Hold” and a consensus price target of $14.00.

Richardson Electronics Price Performance

The company has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $11.52. The company has a market capitalization of $209.62 million, a P/E ratio of 53.34, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, April 8th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Richardson Electronics had a return on equity of 2.83% and a net margin of 1.75%.The company had revenue of $55.47 million for the quarter, compared to analyst estimates of $53.13 million. Equities analysts anticipate that Richardson Electronics, Ltd. will post 0.25 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, May 8th. Richardson Electronics’s dividend payout ratio (DPR) is 88.89%.

Insider Activity

In other Richardson Electronics news, Director Kenneth Halverson sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $13.09, for a total transaction of $130,900.00. Following the transaction, the director directly owned 14,345 shares in the company, valued at $187,776.05. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert J. Ben sold 5,000 shares of Richardson Electronics stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $11.90, for a total value of $59,500.00. Following the completion of the transaction, the chief financial officer owned 57,034 shares in the company, valued at $678,704.60. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,000 shares of company stock worth $242,360. Corporate insiders own 33.40% of the company’s stock.

Hedge Funds Weigh In On Richardson Electronics

A number of institutional investors have recently made changes to their positions in the business. Granite Investment Partners LLC bought a new position in shares of Richardson Electronics in the first quarter worth about $143,000. Ritholtz Wealth Management increased its stake in shares of Richardson Electronics by 19.1% in the first quarter. Ritholtz Wealth Management now owns 22,958 shares of the technology company’s stock worth $251,000 after purchasing an additional 3,680 shares during the period. Aristides Capital LLC increased its stake in shares of Richardson Electronics by 4.7% in the fourth quarter. Aristides Capital LLC now owns 20,940 shares of the technology company’s stock worth $228,000 after purchasing an additional 940 shares during the period. Empowered Funds LLC increased its stake in shares of Richardson Electronics by 9.0% in the fourth quarter. Empowered Funds LLC now owns 19,142 shares of the technology company’s stock worth $208,000 after purchasing an additional 1,587 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Richardson Electronics by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 65,753 shares of the technology company’s stock worth $715,000 after purchasing an additional 1,587 shares during the period. 71.95% of the stock is currently owned by institutional investors.

About Richardson Electronics

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.