StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

Research analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the electronics maker’s stock.

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

RF Industries Stock Performance

Shares of RFIL stock opened at $4.01 on Monday. The firm has a market capitalization of $42.08 million, a PE ratio of -5.81 and a beta of 0.99. RF Industries has a 1 year low of $2.55 and a 1 year high of $4.65. The stock has a fifty day moving average of $3.98 and a two-hundred day moving average of $3.69.

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

Insider Transactions at RF Industries

In related news, Director Mark Keith Holdsworth acquired 8,815 shares of RF Industries stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of $4.07 per share, with a total value of $35,877.05. Following the purchase, the director now directly owns 84,944 shares in the company, valued at $345,722.08. The trade was a 11.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 29,844 shares of company stock valued at $119,361 in the last quarter. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP increased its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing 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 filing with the Securities and Exchange Commission. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.