RF Industries, Ltd. (NASDAQ:RFIL) Director Purchases $19,700.00 in Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth purchased 5,000 shares of RF Industries stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $3.94 per share, for a total transaction of $19,700.00. Following the acquisition, the director now directly owns 57,229 shares of the company’s stock, valued at $225,482.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Keith Holdsworth also recently made the following trade(s):

• On Friday, September 27th, Mark Keith Holdsworth acquired 220 shares of RF Industries stock. The shares were acquired at an average cost of $3.69 per share, with a total value of $811.80.

RF Industries Stock Down 2.2 %

Shares of RFIL traded down $0.09 on Tuesday, hitting $3.99. 32,393 shares of the stock traded hands, compared to its average volume of 12,500. RF Industries, Ltd. has a 1 year low of $2.51 and a 1 year high of $4.65. The stock’s 50 day moving average is $3.76 and its two-hundred day moving average is $3.45. The firm has a market capitalization of $41.88 million, a P/E ratio of -5.23 and a beta of 0.99.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 23.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RFIL. StockNews.com started coverage on RF Industries in a report on Tuesday. They set a “hold” rating on the stock. B. Riley lifted their price objective on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

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.