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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFILGet Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Price Performance

Shares of RFIL opened at $6.98 on Monday. The firm has a market capitalization of $70.89 million, a PE ratio of 36.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.85 and a quick ratio of 1.53. RF Industries has a 1-year low of $5.48 and a 1-year high of $9.63. The company’s fifty day moving average price is $6.44 and its 200-day moving average price is $6.73.

Insider Activity

In related news, Director Mark Keith Holdsworth acquired 9,854 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $6.20 per share, with a total value of $61,094.80. Following the completion of the acquisition, the director now directly owns 521,322 shares of the company’s stock, valued at $3,232,196.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On RF Industries

Hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its holdings 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 valued at $472,000 after purchasing an additional 12,220 shares during the last quarter. Worth Venture Partners LLC boosted its holdings 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 valued at $928,000 after purchasing an additional 12,000 shares during the last quarter. State Street Corp boosted its holdings in RF Industries by 9.3% in the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,496 shares during the last quarter. Finally, AIGH Capital Management LLC boosted its holdings 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 valued at $3,692,000 after purchasing an additional 17,000 shares during the last quarter. 37.17% of the stock is owned by hedge funds and other 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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