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Richardson Electronics ( (RELL) ) just unveiled an update.
On January 24, 2025, Richardson Electronics announced the sale of its International Medical Equipment and Service business assets to DirectMed Imaging for $8.2 million. This strategic move aligns with Richardson’s priorities to support its growing Green Energy Solutions business and involves a 10-year supply agreement with DirectMed, simplifying Richardson’s operations and focusing on higher-growth markets.
More about Richardson Electronics
Richardson Electronics, Ltd. is a global manufacturer specializing in engineered solutions, green energy products, power grid and microwave tubes, and related consumables. The company serves diverse markets including healthcare, aviation, and semiconductor with a focus on providing technical expertise and engineering solutions.
YTD Price Performance: -6.64%
Average Trading Volume: 64,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $187.3M
For an in-depth examination of RELL stock, go to TipRanks’ Stock Analysis page.
