New insider activity at Richardson Electronics ( (RELL) ) has taken place on February 7, 2025.
Robert Ben, who holds the position of VP, Controller, and Interim CFO at Richardson Electronics, recently executed a transaction involving the sale of 2,500 shares of the company’s stock. This sale resulted in a total transaction value of $33,175.
Recent Updates on RELL stock
In the last 24 hours, Richardson Electronics experienced significant developments, primarily driven by its strategic sale of the majority of its Richardson Healthcare segment to DirectMed Imaging for $8.2 million. This move aligns with the company’s focus on expanding its Green Energy Solutions, evidenced by a 129% increase in sales in this segment and a substantial backlog growth. Despite strong overall sales growth and improved financial metrics, challenges in the healthcare and Canvys segments contributed to a net loss for the quarter. Northland downgraded Richardson Electronics to Market Perform from Outperform, citing the need to see more tangible execution results despite recent stock appreciation. The sale, alongside positive earnings from Green Energy Solutions, suggests a promising trajectory but highlights the necessity for strategic adjustments in struggling areas.
More about Richardson Electronics
YTD Price Performance: -7.07%
Average Trading Volume: 64,129
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $186.8M