RF Industries (NASDAQ:RFIL) Stock Passes Below 200 Day Moving Average – Here’s Why

RF Industries, Ltd. (NASDAQ:RFIL) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.84 and traded as low as $5.96. RF Industries shares last traded at $6.20, with a volume of 72,528 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RFIL shares. B. Riley lifted their target price on shares of RF Industries from $6.25 to $9.25 and gave the stock a “buy” rating in a research report on Monday, September 15th. Zacks Research lowered shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RF Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.25.

RF Industries Trading Up 3.9%

The firm has a market capitalization of $66.15 million, a PE ratio of -310.00 and a beta of 0.95. The firm’s fifty day moving average price is $7.20 and its 200 day moving average price is $6.84.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Tuesday, May 23rd. The electronics maker reported $0.07 earnings per share (EPS) for the quarter. RF Industries had a positive return on equity of 5.20% and a negative net margin of 0.44%.The firm had revenue of $16.92 million during the quarter. As a group, research analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On RF Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RFIL. Global Retirement Partners LLC bought a new stake in RF Industries in the third quarter worth approximately $44,000. Heron Bay Capital Management bought a new stake in RF Industries in the second quarter worth $67,000. Goldman Sachs Group Inc. bought a new stake in RF Industries in the first quarter worth $56,000. Bailard Inc. acquired a new position in RF Industries during the third quarter worth $129,000. Finally, Centiva Capital LP bought a new position in RF Industries during the third quarter valued at about $144,000. 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.