TheStreet Downgrades RELM Wireless to Hold (RWC)
RELM Wireless (NYSE:RWC) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork reports.
The analysts wrote, “RELM Wireless Corporation (AMEX:RWC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity.”
RELM Wireless (NYSE:RWC) traded down 1.46% on Wednesday, hitting $2.70. The stock had a trading volume of 8,450 shares. RELM Wireless has a 52-week low of $1.42 and a 52-week high of $4.09. The stock has a 50-day moving average of $2.65 and a 200-day moving average of $2.83. The company has a market cap of $36.7 million and a price-to-earnings ratio of 21.08.
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