Richardson Electronics (RELL) Announces Quarterly Earnings Results
Richardson Electronics (NASDAQ:RELL) announced its earnings results on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, StockRatingsNetwork reports. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $35.70 million.
Shares of Richardson Electronics (NASDAQ:RELL) traded down 0.54% on Wednesday, hitting $11.08. 24,170 shares of the company’s stock traded hands. Richardson Electronics has a 1-year low of $10.61 and a 1-year high of $12.48. The stock’s 50-day moving average is $11.25 and its 200-day moving average is $11.62. The company has a market cap of $161.8 million and a P/E ratio of 139.25.
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes and related components, and customized displays solutions, serving customers in the alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
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