RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley decreased their price objective on shares of RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th.

RF Industries Trading Up 1.3 %

Shares of NASDAQ RFIL opened at $3.08 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 2.91. RF Industries has a 52-week low of $2.51 and a 52-week high of $5.08. The firm has a 50 day moving average price of $3.15 and a two-hundred day moving average price of $2.97. The stock has a market cap of $32.34 million, a P/E ratio of -9.94 and a beta of 0.94.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. The firm had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. During the same period in the prior year, the company posted ($0.02) EPS. As a group, equities analysts forecast that RF Industries will post -0.12 EPS for the current year.

Institutional Investors Weigh In On RF Industries

Several large investors have recently modified their holdings of RFIL. State Street Corp increased its position 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 worth $211,000 after buying an additional 2,496 shares during the period. Worth Venture Partners LLC increased its position in shares of RF Industries by 10.3% during the first 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 during the period. Punch & Associates Investment Management Inc. boosted its stake in RF Industries by 70.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock worth $4,478,000 after acquiring an additional 420,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in RF Industries by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock worth $1,128,000 after acquiring an additional 15,174 shares in the last quarter. 23.49% of the stock is currently 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.