Media headlines about RELM Wireless (NYSE:RWC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RELM Wireless earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1624422210606 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, TheStreet lowered RELM Wireless from a “b” rating to a “c” rating in a report on Monday, June 12th.
Shares of RELM Wireless (RWC) traded up 4.35% during trading on Friday, hitting $3.60. The company’s stock had a trading volume of 2,106 shares. The firm’s 50 day moving average price is $3.63 and its 200-day moving average price is $4.53. RELM Wireless has a 52 week low of $3.40 and a 52 week high of $5.75. The company has a market cap of $49.56 million and a PE ratio of 67.92.
RELM Wireless announced that its Board of Directors has authorized a share repurchase plan on Thursday, June 15th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
About RELM Wireless
RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile).
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