RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

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

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

RF Industries Stock Up 6.8 %

RF Industries stock opened at $4.08 on Friday. The firm’s fifty day moving average is $4.03 and its 200 day moving average is $3.91. RF Industries has a 52-week low of $2.84 and a 52-week high of $4.65. The company has a market cap of $42.81 million, a price-to-earnings ratio of -5.91 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Mark Keith Holdsworth purchased 7,009 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the acquisition, the director now owns 91,953 shares of the company’s stock, valued at approximately $367,812. This trade represents a 8.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

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.