RF Industries (NASDAQ:RFIL) Shares Cross Below 200 Day Moving Average of $4.88

RF Industries, Ltd. (NASDAQ:RFIL – Get Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.88 and traded as low as $3.78. RF Industries shares last traded at $3.87, with a volume of 4,073 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on RF Industries in a report on Tuesday. They set a “hold” rating for the company.

RF Industries Stock Performance

The company has a quick ratio of 1.25, a current ratio of 2.50 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $4.21 and a two-hundred day simple moving average of $4.88. The stock has a market capitalization of $39.83 million, a P/E ratio of 64.50 and a beta of 1.10.

RF Industries (NASDAQ:RFIL – Get Rating) last posted its quarterly earnings results on Monday, March 13th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). RF Industries had a return on equity of 7.91% and a net margin of 0.65%. The business had revenue of $18.34 million for the quarter, compared to analyst estimates of $19.70 million. On average, equities analysts forecast that RF Industries, Ltd. will post 0.46 EPS for the current fiscal year.

Insider Activity at RF Industries

In related news, Director Mark Keith Holdsworth acquired 24,454 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $4.06 per share, with a total value of $99,283.24. Following the completion of the purchase, the director now directly owns 562,306 shares in the company, valued at approximately $2,282,962.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 59,759 shares of company stock worth $247,916 in the last 90 days. Corporate insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On RF Industries

A number of large investors have recently made changes to their positions in the stock. Kovack Advisors Inc. bought a new stake in RF Industries during the first quarter worth about $106,000. State Street Corp raised its stake in RF Industries by 9.3% during the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after buying an additional 2,496 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of RF Industries by 33.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 81,018 shares of the electronics maker’s stock worth $466,000 after purchasing an additional 20,508 shares in the last quarter. Worth Venture Partners LLC increased its stake in RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after buying an additional 12,000 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in RF Industries by 70.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock worth $4,478,000 after buying an additional 420,000 shares in the last quarter. 31.70% of the stock is owned by institutional investors.

About RF Industries

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RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. It operates through the RF Connector and Cable Assembly (RF Connector), and Custom Cabling Manufacturing and Assembly (Custom Cabling) segments. The RF Connector segment designs, manufactures, markets, and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications, information technology, original equipment manufacturers markets, and other end markets.