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

Investment analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILGet Free Report) 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 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.

View Our Latest Report on RFIL

RF Industries Price Performance

Shares of NASDAQ:RFIL opened at $4.08 on Friday. The stock’s 50-day moving average is $4.03 and its 200 day moving average is $3.91. The company has a market cap of $42.81 million, a PE ratio of -5.91 and a beta of 0.99. RF Industries has a 1 year low of $2.84 and a 1 year high of $4.65.

Insider Activity

In other news, Director Mark Keith Holdsworth bought 7,009 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the purchase, the director now directly owns 91,953 shares in the company, valued at $367,812. This trade represents a 8.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On 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:RFILFree Report) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors and hedge funds.

About RF Industries

(Get Free Report)

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.

Further Reading

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