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

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

Richardson Electronics Stock Performance

Shares of NASDAQ:RELL traded down $0.13 on Tuesday, hitting $14.74. The stock had a trading volume of 71,951 shares, compared to its average volume of 57,506. The firm’s 50 day moving average price is $14.17 and its 200-day moving average price is $12.80. Richardson Electronics has a twelve month low of $8.08 and a twelve month high of $15.51. The company has a market capitalization of $211.98 million, a price-to-earnings ratio of -294.80, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

Insider Buying and Selling at Richardson Electronics

In other news, Director James Benham acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $13.29 per share, for a total transaction of $59,805.00. Following the transaction, the director now directly owns 13,706 shares in the company, valued at approximately $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 32.84% of the company’s stock.

About Richardson Electronics

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.