Richardson Electronics (RELL, Financial) experienced a significant stock price increase of 5.01%, reaching $13.62 per share. The trading volume stood at 39,935 shares, with a turnover rate of 0.28% and a price fluctuation of 5.09%. Recent financial reports highlighted a revenue of $53.73 million, net profit of $590,000, and earnings per share of $0.04. The company's gross profit was reported at $16.43 million, while the price-to-earnings ratio remains negative at -296.94.
In terms of analyst ratings, 100% of the participating brokerage firms recommend buying the stock, with no hold or sell ratings. In the electronic components industry, where Richardson Electronics operates, the overall sector gained 0.61%. Other noteworthy performers included Gaoping Electronics and Integrated Media Technology Limited, which also saw significant upward movements.
Richardson Electronics offers engineering solutions, power grid components, microwave technology, and custom display solutions. Its products serve a variety of markets including alternative energy, healthcare, aviation, communication, industrial, and semiconductor sectors. The company's main revenue driver is its Power and Microwave Technologies (PMT) segment, along with other segments like Canvys and Green Energy Solutions (GES).
