RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Trading Down 9.0 %

Shares of RFIL opened at $4.15 on Tuesday. The company’s fifty day simple moving average is $4.00 and its 200 day simple moving average is $3.95. RF Industries has a 1-year low of $2.84 and a 1-year high of $4.65. The company has a market cap of $43.53 million, a price-to-earnings ratio of -6.01 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. As a group, research analysts forecast that RF Industries will post -0.08 earnings per share for the current year.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC boosted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities and Exchange Commission. 23.49% of the stock is currently owned by hedge funds and other 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.