Richardson Electronics Ltd. (RELL), a provider of engineered solutions for renewable energy and other power management applications, said that it sold a substantial portion of the Richardson Healthcare reportable segment to DirectMed Imaging.
RELL closed Friday's regular trading at $13.12 down $0.24 or 1.80%. But in the after-hours trading, the stock gained $0.98 or 7.47%.
In addition, Richardson Electronics entered into an exclusive 10-year global supply agreement in which Richardson will supply DirectMed with repaired Siemens CT X-ray tubes.
Richardson Electronics will also continue manufacturing ALTA CT X-ray tubes for DirectMed for approximately 12 to 18 months. The remaining assets and operations of the Richardson Healthcare reportable segment, primarily CT X-ray tube manufacturing and repair, will be consolidated into the Company's PMT reportable segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.