RF Industries (NASDAQ:RFIL) Upgraded at Zacks Research

Zacks Research upgraded shares of RF Industries (NASDAQ:RFIL) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other analysts also recently issued reports on RFIL. Wall Street Zen upgraded RF Industries to a “strong-buy” rating in a research note on Friday, July 18th. B. Riley boosted their price target on RF Industries from $6.25 to $9.25 and gave the company a “buy” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of $9.25.

RF Industries Trading Up 2.5%

RFIL stock opened at $7.75 on Thursday. The firm has a market capitalization of $82.69 million, a PE ratio of -387.50 and a beta of 0.88. RF Industries has a 1-year low of $3.39 and a 1-year high of $9.21. The business’s 50 day simple moving average is $7.34 and its 200 day simple moving average is $5.51.

Hedge Funds Weigh In On RF Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Heron Bay Capital Management acquired a new position in RF Industries in the 2nd quarter worth about $67,000. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries in the first quarter valued at about $56,000. Wealthedge Investment Advisors LLC increased its stake in shares of RF Industries by 171.1% in the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker’s stock valued at $275,000 after buying an additional 36,942 shares during the period. Finally, Bailard Inc. acquired a new stake in shares of RF Industries in the first quarter valued at about $126,000. Institutional investors and hedge funds 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.