P&F Industries (NASDAQ:PFIN) Shares Pass Above 200-Day Moving Average of $6.11

P&F Industries, Inc. (NASDAQ:PFINGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.11 and traded as high as $6.63. P&F Industries shares last traded at $6.63, with a volume of 289 shares.

P&F Industries Price Performance

The stock’s fifty day moving average price is $6.90 and its 200 day moving average price is $6.11. The stock has a market capitalization of $21.18 million, a P/E ratio of 23.68 and a beta of 0.55.

P&F Industries (NASDAQ:PFINGet Free Report) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.07 EPS for the quarter. P&F Industries had a net margin of 1.59% and a return on equity of 2.22%. The firm had revenue of $16.16 million for the quarter.

P&F Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 21st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, August 18th. P&F Industries’s payout ratio is 71.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL bought a new position in P&F Industries during the 1st quarter worth about $66,000. Perritt Capital Management Inc. lifted its position in shares of P&F Industries by 26.1% during the second quarter. Perritt Capital Management Inc. now owns 25,000 shares of the company’s stock valued at $156,000 after buying an additional 5,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of P&F Industries by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 52,766 shares of the company’s stock valued at $281,000 after buying an additional 1,882 shares during the last quarter. 4.88% of the stock is currently owned by institutional investors.

About P&F Industries

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P&F Industries, Inc, through its subsidiaries, designs, imports, manufactures, and sells pneumatic hand tools primarily to the retail, industrial, automotive, and aerospace markets primarily in the United States. The company provides sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, Jiffy Air Tool, AIRCAT, and NITROCAT names, as well as under private label trade names through in-house sales personnel and manufacturers' representatives to retailers, distributors, manufacturers, and private label customers.

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