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

Stock analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFILGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Down 1.0 %

Shares of RFIL stock opened at $7.14 on Friday. The stock has a market cap of $72.26 million, a P/E ratio of 37.58 and a beta of 1.14. RF Industries has a one year low of $5.48 and a one year high of $9.63. The stock has a fifty day moving average price of $6.34 and a 200 day moving average price of $6.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.85 and a quick ratio of 1.53.

Insider Buying and Selling at RF Industries

In related news, Director Mark Keith Holdsworth acquired 10,000 shares of the business’s stock in a transaction on Friday, July 8th. The stock was bought at an average cost of $6.16 per share, with a total value of $61,600.00. Following the completion of the acquisition, the director now owns 537,852 shares in the company, valued at $3,313,168.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,496 shares during the period. Essex Investment Management Co. LLC increased its position in RF Industries by 26.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 59,041 shares of the electronics maker’s stock worth $472,000 after purchasing an additional 12,220 shares during the period. Worth Venture Partners LLC increased its position in RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after purchasing an additional 12,000 shares during the period. Finally, AIGH Capital Management LLC increased its position in RF Industries by 3.4% in the first quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock worth $3,692,000 after purchasing an additional 17,000 shares during the period. 37.17% of the stock is owned by institutional investors.

RF Industries Company Profile

(Get Rating)

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

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