RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Wednesday. The firm 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 Price Performance

RFIL stock opened at $4.15 on Wednesday. RF Industries has a one year low of $2.61 and a one year high of $4.65. The stock has a market cap of $43.53 million, a price-to-earnings ratio of -6.01 and a beta of 0.99. The company has a fifty day moving average price of $4.06 and a two-hundred day moving average price of $3.79.

RF Industries (NASDAQ:RFIL) last announced 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). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The company had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. Research analysts anticipate that RF Industries will post -0.08 EPS for the current fiscal year.

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 7,009 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the transaction, the director now directly owns 91,953 shares in the company, valued at approximately $367,812. This trade represents a 8.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders bought 29,844 shares of company stock valued at $119,361. 15.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 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.