RF Industries (NASDAQ:RFIL) Stock Passes Above 200 Day Moving Average of $2.98

Shares of RF Industries, Ltd. (NASDAQ:RFIL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.98 and traded as high as $3.03. RF Industries shares last traded at $2.99, with a volume of 7,587 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on RFIL. StockNews.com began coverage on shares of RF Industries in a report on Wednesday. They issued a “hold” rating for the company. B. Riley cut their target price on shares of RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 20th.

RF Industries Stock Performance

The business’s fifty day moving average is $3.14 and its two-hundred day moving average is $2.98. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $31.40 million, a PE ratio of -9.64 and a beta of 0.94.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, March 18th. The electronics maker reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $13.46 million during the quarter, compared to analyst estimates of $14.49 million. RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, research analysts anticipate that RF Industries, Ltd. will post -0.12 EPS for the current fiscal year.

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.