StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

Stock analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

RF Industries Price Performance

RFIL stock opened at $2.99 on Wednesday. The stock has a market capitalization of $31.40 million, a PE ratio of -9.64 and a beta of 0.94. The company’s 50-day moving average is $3.14 and its 200-day moving average is $2.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.32. RF Industries has a 1 year low of $2.51 and a 1 year high of $5.08.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share 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 business had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $14.49 million. During the same quarter last year, the firm earned ($0.02) EPS. Equities research analysts expect that RF Industries 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.