The stock of Richardson Electronics, Ltd. (NASDAQ:RELL) is a huge mover today! About 97,858 shares traded hands or 618.38% up from the average. Richardson Electronics, Ltd. (NASDAQ:RELL) has risen 32.31% since March 3, 2016 and is uptrending. It has outperformed by 23.97% the S&P500.
The move comes after 5 months negative chart setup for the $68.20M company. It was reported on Oct, 6 by Barchart.com. We have $5.53 PT which if reached, will make NASDAQ:RELL worth $8.18M less.
According to Zacks Investment Research, “Richardson Electronics, Ltd. is a global provider of Engineered Solutions, serving the RF, Wireless & Power Conversion; Electron Device; Security; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics.”
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.34, from 0.57 in 2016Q1. The ratio improved, as 4 funds sold all Richardson Electronics, Ltd. shares owned while 7 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 6.26 million shares or 1.32% less from 6.34 million shares in 2016Q1.
Vanguard Grp Inc Inc holds 464,191 shares or 0% of its portfolio. Thompson Siegel Walmsley Lc accumulated 0% or 900 shares. Bancorp Of New York Mellon last reported 0% of its portfolio in the stock. Manufacturers Life Ins Com The has 198 shares for 0% of their US portfolio. Boothbay Fund Mngmt Ltd Liability Corporation has 0.1% invested in the company for 38,908 shares. Tower Research Cap Limited Co (Trc) accumulated 0% or 256 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Richardson Electronics, Ltd. (NASDAQ:RELL). Franklin Inc holds 60,000 shares or 0% of its portfolio. Blackrock Fund Advisors owns 33,164 shares or 0% of their US portfolio. Panagora Asset Mgmt Inc has 0% invested in the company for 39,728 shares. Nationwide Fund Advsr holds 2,700 shares or 0% of its portfolio. Bridgeway Mngmt holds 118,211 shares or 0.01% of its portfolio. Blackrock Institutional Trust Co Na holds 0% or 301,007 shares in its portfolio. Ancora Advsr Ltd Limited Liability Company has invested 0.12% of its portfolio in Richardson Electronics, Ltd. (NASDAQ:RELL). Ariel Invests Limited Liability Co has 1.01 million shares for 0.07% of their US portfolio.
More notable recent Richardson Electronics, Ltd. (NASDAQ:RELL) news were published by: Businesswire.com which released: “Richardson Electronics, Ltd. and Anokiwave Sign Global Distribution Agreement” on September 29, 2015, also Businesswire.com with their article: “Richardson Electronics Elects Robert J. Ben as Executive Vice President and …” published on August 07, 2015, Nasdaq.com published: “Richardson Electronics, Ltd. (RELL) Ex-Dividend Date Scheduled for August 04, 2016” on August 03, 2016. More interesting news about Richardson Electronics, Ltd. (NASDAQ:RELL) were released by: Businesswire.com and their article: “Richardson Electronics Announces Date of First Quarter Fiscal 2017 Conference Call” published on September 30, 2016 as well as Businesswire.com‘s news article titled: “Richardson Electronics, Ltd. Agrees to Acquire International Medical Equipment …” with publication date: June 16, 2015.
RELL Company Profile
Richardson Electronics, Ltd., incorporated on September 11, 1986, is a well-known 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 Company’s divisions include Power and Microwave Technologies Group, Canvys and Healthcare. The Firm provides design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair solutions. The Firm has activities in North America, Asia/Pacific, Europe and Latin America.
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