RELM Wireless Co. (NYSEAMERICAN:RWC) Director E. Gray Payne purchased 5,000 shares of the stock in a transaction dated Saturday, December 15th. The shares were acquired at an average price of $3.65 per share, with a total value of $18,250.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of RELM Wireless Co. (RWC) remained flat at $$3.55 during trading hours on Thursday. The company had a trading volume of 2,332 shares, compared to its average volume of 6,074. RELM Wireless Co. has a 1-year low of $3.40 and a 1-year high of $5.55. The company has a market cap of $50.53, a price-to-earnings ratio of 58.33 and a beta of 0.67.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, December 29th. RELM Wireless’s dividend payout ratio is 133.33%.
Separately, BidaskClub upgraded shares of RELM Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th.
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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