B. Riley Increases RF Industries (NASDAQ:RFIL) Price Target to $4.50

RF Industries (NASDAQ:RFIL) had its target price lifted by B. Riley from $4.25 to $4.50 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. B. Riley’s price objective suggests a potential upside of 21.46% from the company’s previous close.

Separately, StockNews.com assumed coverage on RF Industries in a research note on Sunday. They issued a “hold” rating on the stock.

RF Industries Price Performance

Shares of NASDAQ RFIL opened at $3.71 on Tuesday. The business’s 50-day moving average price is $3.84 and its two-hundred day moving average price is $3.41. RF Industries has a one year low of $2.51 and a one year high of $4.65. The company has a market capitalization of $38.89 million, a P/E ratio of -4.75 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent filing with the SEC. 23.49% of the stock is currently owned by institutional investors and hedge funds.

About RF Industries

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.