The EVP & CFO & CAO & Corp. Sec. of Richardson Electronics is Exercising Options

By Carrie Williams

Today it was reported that the EVP & CFO & CAO & Corp. Sec. of Richardson Electronics (NASDAQ: RELL), Robert Ben, exercised options to sell 3,000 RELL shares at $6.90 a share, for a total transaction value of $28.05K.

In addition to Robert Ben, 5 other RELL executives reported Sell trades in the last month. Following Robert Ben’s last RELL Sell transaction on April 18, 2018, the stock climbed by 0.6%.

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Based on Richardson Electronics’ latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $45.49 million and quarterly net profit of $1.74 million. In comparison, last year the company earned revenue of $37.36 million and had a GAAP net loss of $125K. RELL’s market cap is $120.3M and the company has a P/E ratio of 31.63. Currently, Richardson Electronics has an average volume of 6,686.

The insider sentiment on Richardson Electronics has been negative according to 15 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Robert Ben’s trades have generated a 1.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys, and Healthcare.