Richardson Electronics, Ltd. stock trades under the ticker RELL & has shown recent bullishness that traders & investors should research further into.
RELL stock closed at $15.10/share on 9/30/2022.
Richardson Electronics, LTD. RELL Stock’s Technical Performance Broken Down
RELL Stock Price: $15.10
10 Day Moving Average: $14.45
50 Day Moving Average: $15.94
200 Day Moving Average: $13.70
RSI: 48.46
MACD: -0.426
On Friday, RELL stock completed a bullish MACD crossover, gaining 2.93% for the day.
Recent trading volumes have been about average for the last year, and their RSI is neutral, signaling that there may be more near-term strength.
They have support at the $15.096 & $14.697/share price level, while they try to break out above the $15.55 & $15.69/share resistance levels.
Richardson Electronics, LTD. RELL Stock As A Long-Term Investment
Long-term oriented investors will like RELL stock’s valuation metrics, with a 11.53 P/E (ttm) & a 1.54 P/B (mrq).
They recently reported 22.1% Quarterly Revenue Growth Y-o-Y, with 339.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with $40.49M of Total Cash (mrq) & Total Debt (mrq) of $3.02M.
RELL stock pays a 1.64% dividend, which appears stable in the long-run, as their payout ratio is 18.32%.
64.52% of RELL stock’s outstanding share float is owned by institutional investors.
Richardson Electronics, LTD. RELL Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge against market volatility, while profiting from price movements in RELL stock.
I am looking at the contracts with the 10/21 expiration date.
The $15, $10 & $12.50 call options are all in-the-money, listed from highest to lowest level of open interest.
The $17.50 puts are also in-the-money, with liquidity at the $15 & $12.50 strikes as well in the event of the downturn.
Tying It All Together
RELL stock has many interesting attributes that traders & investors are sure to like.
Investors will like their dividend yield, balance sheet & valuation metrics.
Traders will like their recent technical performance, but may be disappointed by the liquidity of their options.
All-in-all, it is worth taking a closer look into RELL stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF RELL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***