RF Industries (NASDAQ:RFIL) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of RF Industries, Ltd. (NASDAQ:RFIL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.88 and traded as low as $3.76. RF Industries shares last traded at $3.83, with a volume of 16,772 shares trading hands.

Analyst Upgrades and Downgrades

RFIL has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of RF Industries in a research report on Saturday. They issued a “hold” rating on the stock. B. Riley raised their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Trading Down 1.3 %

The company’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.88. The company has a market cap of $40.19 million, a P/E ratio of -5.55 and a beta of 0.99.

Insider Transactions at RF Industries

In related news, Director Mark Keith Holdsworth purchased 8,815 shares of the stock in a transaction on Friday, October 4th. The shares were bought at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the acquisition, the director now directly owns 84,944 shares in the company, valued at approximately $345,722.08. This trade represents a 11.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 29,624 shares of company stock valued at $118,549 over the last three months. 15.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is 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.