RF Industries (NASDAQ:RFIL) Stock Price Expected to Rise, B. Riley Financial Analyst Says

RF Industries (NASDAQ:RFIL) had its price objective increased by equities research analysts at B. Riley Financial from $10.25 to $11.25 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the electronics maker’s stock. B. Riley Financial’s target price would suggest a potential downside of 3.76% from the stock’s current price.

Several other equities research analysts also recently issued reports on RFIL. Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Weiss Ratings upgraded RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.25.

RF Industries Stock Down 11.0%

Shares of RFIL stock opened at $11.69 on Tuesday. RF Industries has a 12-month low of $3.39 and a 12-month high of $13.54. The firm has a fifty day moving average of $10.41 and a 200-day moving average of $8.21. The firm has a market capitalization of $126.37 million, a price-to-earnings ratio of 292.32 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $18.97 million for the quarter, compared to the consensus estimate of $18.72 million. RF Industries had a return on equity of 10.54% and a net margin of 0.34%. Research analysts expect that RF Industries will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

Several institutional investors have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. boosted its position in 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 worth $5,070,000 after acquiring an additional 74,091 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of RF Industries by 5.5% in the third quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after purchasing an additional 20,536 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RF Industries by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock valued at $1,397,000 after purchasing an additional 13,349 shares during the last quarter. AMH Equity Ltd bought a new stake in shares of RF Industries in the third quarter worth $1,843,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of 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 worth $1,228,000 after purchasing an additional 78,144 shares in the last quarter. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

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.