Somewhat Positive Media Coverage Somewhat Unlikely to Impact RELM Wireless (NYSE:RWC) Share Price
News articles about RELM Wireless (NYSE:RWC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RELM Wireless earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7878197067619 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, TheStreet cut RELM Wireless from a “b” rating to a “c” rating in a research note on Monday, June 12th.
Shares of RELM Wireless (RWC) traded down 2.86% during midday trading on Tuesday, hitting $3.40. The company had a trading volume of 6,192 shares. The firm’s 50-day moving average is $3.74 and its 200-day moving average is $4.63. The firm has a market capitalization of $47.07 million and a P/E ratio of 64.15. RELM Wireless has a 12-month low of $3.40 and a 12-month high of $5.83.
RELM Wireless announced that its board has initiated a share buyback plan on Thursday, June 15th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.08 dividend on an annualized basis and a yield of 2.35%.
About RELM Wireless
RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile).
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