Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $45.49 million for the quarter. Richardson Electronics had a net margin of 2.34% and a return on equity of 1.72%.
RELL opened at $8.64 on Monday. The firm has a market cap of $113.50 million, a price-to-earnings ratio of 54.81 and a beta of 0.83. Richardson Electronics has a 1 year low of $5.76 and a 1 year high of $10.40.
In other news, CFO Robert J. Ben sold 3,000 shares of Richardson Electronics stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $9.35, for a total transaction of $28,050.00. Following the sale, the chief financial officer now directly owns 14,500 shares in the company, valued at approximately $135,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kathleen Mcnally sold 2,774 shares of Richardson Electronics stock in a transaction 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 sale, the vice president now owns 15,282 shares in the company, valued at $140,594.40. The disclosure for this sale can be found here. Insiders have sold a total of 16,774 shares of company stock worth $156,559 over the last ninety days. Insiders own 35.56% of the company’s stock.
Richardson Electronics Company Profile
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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