Richardson Electronics Ltd (NASDAQ: RELL). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Important negative changes in Richardson Electronics Ltd (NASDAQ: RELL) fundamentals have recently occurred: the consensus estimate for May, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Richardson Electronics has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Richardson Electronics has a neutral Appreciation Score of 46 and a slightly positive Power Rating of 65, with the Neutral Value Trend Rating the result.
Recent Price Action
Richardson Electronics Ltd (NASDAQ: RELL) stock declined modestly by -1.8% on 3/6/25. The stock closed at $12.74. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.3% during the last week.
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