Richardson Electronics (RELL) Given Daily News Sentiment Score of 0.08

News headlines about Richardson Electronics (NASDAQ:RELL) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Richardson Electronics earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 41.0977378314214 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Separately, TheStreet upgraded shares of Richardson Electronics from a “c+” rating to a “b-” rating in a report on Thursday, July 26th.

Shares of NASDAQ:RELL traded up $0.06 during midday trading on Monday, hitting $9.15. 8,005 shares of the company’s stock traded hands, compared to its average volume of 23,953. The firm has a market capitalization of $117.64 million, a price-to-earnings ratio of 56.81 and a beta of 0.84. Richardson Electronics has a twelve month low of $5.31 and a twelve month high of $10.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Tuesday, August 7th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, August 6th. This represents a $0.24 annualized dividend and a dividend yield of 2.62%.

In related news, Director James Benham sold 5,000 shares of Richardson Electronics stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $9.60, for a total transaction of $48,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kathleen Mcnally sold 2,774 shares of Richardson Electronics stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $9.20, for a total transaction of $25,520.80. Following the transaction, the vice president now owns 15,282 shares in the company, valued at approximately $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 in the last 90 days. Company insiders own 35.29% 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, 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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Insider Buying and Selling by Quarter for Richardson Electronics (NASDAQ:RELL)

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