RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report published on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley boosted their price objective on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Performance

RFIL stock opened at $4.20 on Friday. The stock’s 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.57. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $4.65. The company has a market cap of $44.08 million, a P/E ratio of -5.38 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. Equities analysts predict that RF Industries will post -0.08 earnings per share for the current year.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of RF Industries stock in a transaction dated Friday, October 4th. The stock was bought at an average cost of $4.07 per share, with a total value of $35,877.05. Following the completion of the acquisition, the director now directly owns 84,944 shares in the company, valued at approximately $345,722.08. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 29,844 shares of company stock valued at $119,361 over the last three months. Corporate insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.