RELM Wireless Corporation is an AMEX listed security that has been trading in a range between $3.76 and $8.48 over the past year. With 13,341,660 shares outstanding, a recent price of $4.77 gives a total market capitalization of $67,642,218. While there are certainly larger companies, RELM Wireless Corporation has definitely earned its place in the pack. Last year, RELM Wireless Corporation created $0.15 in earnings for every share outstanding.
RELM Wireless Corporation is currently priced by the market at 32.80 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, RELM Wireless Corporation could be an interesting value proposition.
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