RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley upped their target price on RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Stock Performance

Shares of RFIL stock opened at $4.14 on Wednesday. RF Industries has a 52 week low of $2.51 and a 52 week high of $4.65. The company has a market capitalization of $43.45 million, a price-to-earnings ratio of -5.31 and a beta of 0.99. The company has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.48.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the stock in a transaction dated Friday, October 4th. The shares were bought at an average cost of $4.07 per share, with a total value of $35,877.05. Following the completion of the acquisition, the director now owns 84,944 shares of the company’s stock, valued at $345,722.08. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 22,835 shares of company stock valued at $91,325 in the last quarter. Company insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP grew its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors.

RF Industries Company Profile

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.