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 released on Wednesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on RFIL. Weiss Ratings raised shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. B. Riley Financial lifted their price target on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of RF Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

RF Industries Trading Down 4.3%

Shares of RF Industries stock opened at $12.46 on Wednesday. The business’s fifty day moving average price is $17.40 and its 200 day moving average price is $13.53. RF Industries has a twelve month low of $5.54 and a twelve month high of $22.30. The stock has a market capitalization of $135.19 million, a P/E ratio of 89.01 and a beta of 1.27.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $20.69 million during the quarter, compared to analyst estimates of $19.67 million. RF Industries had a return on equity of 12.79% and a net margin of 1.70%. As a group, sell-side analysts predict that RF Industries will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in RF Industries during the 3rd quarter valued at $1,651,000. O Shaughnessy Asset Management LLC increased its holdings in RF Industries by 58.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock valued at $1,228,000 after buying an additional 78,144 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of RF Industries by 9.2% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock valued at $5,070,000 after acquiring an additional 74,091 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of RF Industries during the first quarter worth $731,000. Finally, Ritholtz Wealth Management lifted its holdings in RF Industries by 68.0% in the fourth quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock worth $889,000 after acquiring an additional 62,279 shares during the last quarter. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.