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

Investment analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley lifted their target price 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 $3.83 on Friday. The stock has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $3.88. The firm has a market capitalization of $40.19 million, a PE ratio of -5.55 and a beta of 0.99. RF Industries has a 52-week low of $2.80 and a 52-week high of $4.65.

Insider Activity at RF Industries

In other news, Director Mark Keith Holdsworth purchased 8,815 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was bought at an average cost of $4.07 per share, with a total value of $35,877.05. Following the completion of the purchase, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. This represents a 11.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders purchased 29,624 shares of company stock valued at $118,549. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 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.