Company shares last traded at $6.62 which is a tad above the 50 day moving average of $6.20 and significantly above the 200 day moving average of $5.96. The 50 day moving average went up $0.42 or +6.73% and the 200 day average was up $0.66. Richardson Electronics, Ltd. shares had a trading volume of 13K on Tuesday. Trading volume was down 66.41% under the stocks average daily volume.
Traders are a little more bearish on the company if you consider the increase in short interest. The firm saw a rise in short interest of 18.18% between September 29, 2017 and October 13, 2017. Short shares grew 10,609 over that timeframe. With short interest at 68,973 and short average daily volume at 46,907, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.01% as of October 13.
The following firms have recently changed their position in RELL. Boothbay Fund Management, LLC grew its investment by buying 1,761 shares an increase of 5.8% in the quarter. Boothbay Fund Management, LLC claims 31,908 shares valued at $190,000. The value of the position overall is down by 36.9%. Ancora Advisors, LLC augmented its holdings by buying 39,176 shares an increase of 19.8% from 03/31/2017 to 06/30/2017. Ancora Advisors, LLC now controls 237,228 shares worth $1,416,000. The total value of its holdings increased 18.8%.
Springhouse Capital Management, Lp cut its position by selling 8,472 shares a decrease of 2.1%. Springhouse Capital Management, Lp now holds 398,523 shares with a value of $2,379,000. The total value of its holdings decreased 2.9%. Mutual Of America Capital Management LLC added to its ownership by buying 5,678 shares an increase of 0.8% as of 09/30/2017. Mutual Of America Capital Management LLC controls 694,283 shares worth $4,145,000. The total value of its holdings increased 0.8%.
The company is trading up from yesterday’s close of $6.62. Additionally Richardson Electronics, Ltd. declared a dividend payable on Wednesday the 22nd of November 2017. The dividend payment will be $0.060 per share for the quarter or $0.24 annualized. This dividend represents a yield of $3.59 which is the dividend as a percentage of the current share price. The ex-dividend date is Thursday the 3rd of August 2017.
In the latest earnings report the EPS was $-0.34 and is estimated to be $-0.15 for the current year with 12,848,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.09 and the next full year EPS is projected to be $0.21.
Richardson Electronics, Ltd., launched on September 11, 1986, is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions. The Business’s segments include Power and Microwave Technologies Group, Canvys and Healthcare. The Company provides design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair solutions. The Company has operations in North America, Asia/Pacific, Europe and Latin America..