RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

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

Separately, B. Riley lifted their price target on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Stock Down 2.4 %

RFIL opened at $4.04 on Friday. The business has a fifty day moving average of $3.92 and a 200 day moving average of $3.61. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65. The stock has a market cap of $42.37 million, a P/E ratio of -5.85 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The company had revenue of $16.84 million during the quarter, compared to analysts’ expectations of $17.84 million. Equities analysts anticipate that RF Industries will post -0.08 EPS for the current fiscal year.

Insider Activity at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the business’s stock in a transaction on Friday, October 4th. The shares were acquired at an average price of $4.07 per share, with a total value of $35,877.05. Following the transaction, the director now owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 29,844 shares of company stock worth $119,361 over the last three months. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.