AMH Equity Ltd Purchases Shares of 223,900 RF Industries, Ltd. $RFIL

AMH Equity Ltd acquired a new position in RF Industries, Ltd. (NASDAQ:RFIL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 223,900 shares of the electronics maker’s stock, valued at approximately $1,843,000. RF Industries comprises approximately 2.3% of AMH Equity Ltd’s holdings, making the stock its 14th biggest holding. AMH Equity Ltd owned about 2.10% of RF Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ritholtz Wealth Management purchased a new stake in RF Industries during the 3rd quarter valued at $754,000. Goldman Sachs Group Inc. purchased a new stake in shares of RF Industries during the first quarter valued at $56,000. Heron Bay Capital Management bought a new stake in RF Industries in the 2nd quarter worth about $67,000. Finally, Global Retirement Partners LLC purchased a new position in RF Industries in the 3rd quarter worth about $44,000. Institutional investors own 23.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RFIL. B. Riley reaffirmed a “buy” rating on shares of RF Industries in a report on Thursday. Zacks Research cut shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings upgraded shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.25.

RF Industries Stock Performance

RFIL stock opened at $9.36 on Friday. The firm has a fifty day moving average price of $6.25 and a 200 day moving average price of $7.12. RF Industries, Ltd. has a fifty-two week low of $3.39 and a fifty-two week high of $9.70. The firm has a market cap of $100.25 million, a PE ratio of 468.23 and a beta of 0.96.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Wednesday, January 14th. The electronics maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. RF Industries had a net margin of 0.09% and a return on equity of 10.08%. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $19.38 million. On average, equities analysts predict that RF Industries, Ltd. will post 0.11 EPS for the current year.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.