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

RF Industries, Ltd. (NASDAQ:RFIL)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.98 and traded as high as $3.01. RF Industries shares last traded at $3.01, with a volume of 2,566 shares changing hands.

Wall Street Analyst Weigh In

RFIL has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on RF Industries in a research note on Friday. They issued a “hold” rating for the company. B. Riley cut their price objective 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 Price Performance

The firm has a market cap of $31.59 million, a P/E ratio of -9.71 and a beta of 0.93. The firm’s fifty day simple moving average is $3.06 and its 200 day simple moving average is $2.98. 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 (NASDAQ:RFIL) last released 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). The business had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. During the same quarter last year, the business posted ($0.02) EPS. As a group, analysts forecast that RF Industries, Ltd. will post -0.12 earnings per share for the current 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.