RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a note issued to investors on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley upped their price objective on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Price Performance

Shares of RFIL stock opened at $4.10 on Friday. The stock’s fifty day simple moving average is $3.95 and its 200 day simple moving average is $3.65. RF Industries has a one year low of $2.51 and a one year high of $4.65. The firm has a market cap of $43.01 million, a price-to-earnings ratio of -5.94 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $16.84 million during the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. On average, research analysts anticipate that RF Industries will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the stock in a transaction dated Friday, October 4th. The stock was bought at an average cost of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the purchase, the director now owns 84,944 shares in the company, valued at $345,722.08. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have acquired 29,844 shares of company stock valued at $119,361. 15.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. 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 approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is currently owned by hedge funds and other 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.