Richardson Electronics (RELL) Given Daily News Impact Score of 0.11

Media coverage about Richardson Electronics (NASDAQ:RELL) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Richardson Electronics earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.2127321338416 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of RELL stock traded up $0.05 during mid-day trading on Friday, reaching $9.50. 6,686 shares of the company’s stock traded hands, compared to its average volume of 22,941. Richardson Electronics has a 12 month low of $5.31 and a 12 month high of $10.40. The stock has a market cap of $122.30 million, a PE ratio of 59.06 and a beta of 0.84.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 23rd. Stockholders of record on Tuesday, August 7th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, August 6th.

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

In related news, CFO Robert J. Ben sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $9.35, for a total value of $28,050.00. Following the transaction, the chief financial officer now owns 14,500 shares in the company, valued at approximately $135,575. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Benham sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $9.60, for a total transaction of $48,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,774 shares of company stock worth $101,571. Company insiders own 35.29% of the company’s stock.

About Richardson Electronics

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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