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

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

Separately, B. Riley upped their target price on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Price Performance

Shares of RFIL stock opened at $3.96 on Monday. The firm’s 50-day moving average is $3.98 and its two-hundred day moving average is $3.69. RF Industries has a 12 month low of $2.56 and a 12 month high of $4.65. The company has a market capitalization of $41.55 million, a PE ratio of -5.81 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last released 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 business had revenue of $16.84 million during the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. Sell-side analysts forecast that RF Industries will post -0.08 EPS for the current year.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth acquired 7,009 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the acquisition, the director now owns 91,953 shares of the company’s stock, valued at approximately $367,812. This trade represents a 8.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 29,844 shares of company stock valued at $119,361. 15.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC raised its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors and hedge funds.

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.