Somewhat Favorable Media Coverage Somewhat Unlikely to Affect RELM Wireless (RWC) Share Price
Media stories about RELM Wireless (NYSE:RWC) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RELM Wireless earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.0796806035731 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, TheStreet lowered shares of RELM Wireless from a “b” rating to a “c” rating in a research note on Monday, June 12th.
Shares of RELM Wireless (NYSE RWC) traded down 6.17% during mid-day trading on Wednesday, hitting $3.80. 9,765 shares of the company were exchanged. The stock’s 50-day moving average price is $3.72 and its 200 day moving average price is $4.36. The stock has a market cap of $52.31 million and a PE ratio of 71.70. RELM Wireless has a 12-month low of $3.40 and a 12-month high of $5.56.
RELM Wireless announced that its board has authorized a stock repurchase 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 typically a sign that the company’s management believes its shares are undervalued.
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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