RF Industries (NASDAQ:RFIL) Stock Rating Upgraded by Wall Street Zen

RF Industries (NASDAQ:RFIL) was upgraded by stock analysts at Wall Street Zen to a “strong-buy” rating in a research note issued to investors on Friday.

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $7.03 on Friday. The company has a market cap of $75.01 million, a P/E ratio of -54.08 and a beta of 0.78. The stock’s 50-day moving average is $5.20 and its 200-day moving average is $4.65. RF Industries has a 52-week low of $3.27 and a 52-week high of $7.61.

Institutional Investors Weigh In On RF Industries

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in RF Industries during the first quarter worth about $56,000. Wealthedge Investment Advisors LLC acquired a new stake in RF Industries during the fourth quarter worth about $84,000. Bailard Inc. bought a new position in RF Industries during the first quarter worth about $126,000. Finally, Dimensional Fund Advisors LP lifted its stake in RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares during the period. 23.49% of the stock is 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.