Richardson Electronics Ltd (NASDAQ: RELL) has reported a loss for its second fiscal quarter (ending November 30) of $-0.13 versus $0.40 for the same period a year ago — a decline of -132%. E.P.S. were $0.70 for the latest four quarters through November 30 versus $1.68 for the same period a year ago — a decline of -58%.
Recent Price Action
On 1/10/24, Richardson Electronics Ltd (NASDAQ: RELL) stock declined modestly by -1.0%, closing at $12.50. Moreover, exceptionally high trading volume at 254% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RELL is expected to continue to be a Value Builder.
Richardson Electronics has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Richardson Electronics has a good Appreciation Score of 71 but a poor Power Rating of 19, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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