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

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

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

RF Industries Price Performance

NASDAQ RFIL opened at $3.69 on Friday. The business has a 50 day moving average price of $4.08 and a 200 day moving average price of $3.86. The company has a market capitalization of $38.72 million, a P/E ratio of -5.35 and a beta of 0.99. RF Industries has a 1-year low of $2.61 and a 1-year high of $4.65.

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

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth bought 8,800 shares of RF Industries stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the acquisition, the director now owns 76,029 shares in the company, valued at approximately $301,835.13. This trade represents a 13.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have purchased 29,844 shares of company stock worth $119,361. 15.70% of the stock is owned by insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 as of its most recent filing with the SEC. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.