RF Industries (NASDAQ:RFIL) Price Target Raised to $9.25 at B. Riley

RF Industries (NASDAQ:RFIL) had its target price hoisted by B. Riley from $6.25 to $9.25 in a research report released on Monday, Marketbeat Ratings reports. They currently have a buy rating on the electronics maker’s stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of RF Industries to a “strong-buy” rating in a report on Friday, July 18th. Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, RF Industries has an average rating of “Moderate Buy” and a consensus price target of $9.25.

RF Industries Price Performance

RF Industries stock opened at $7.15 on Monday. The company has a market cap of $76.29 million, a PE ratio of -357.50 and a beta of 0.88. The company has a fifty day moving average price of $7.33 and a two-hundred day moving average price of $5.43. RF Industries has a 12 month low of $3.39 and a 12 month high of $9.21.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wealthedge Investment Advisors LLC lifted its holdings in shares of RF Industries by 171.1% during the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker’s stock worth $275,000 after buying an additional 36,942 shares during the last quarter. Bailard Inc. acquired a new position in shares of RF Industries during the first quarter worth approximately $126,000. Goldman Sachs Group Inc. acquired a new position in shares of RF Industries during the first quarter worth approximately $56,000. Finally, Heron Bay Capital Management acquired a new position in shares of RF Industries during the second quarter worth approximately $67,000. 23.49% of the stock is currently 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.