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

Analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Price Performance

Shares of RF Industries stock opened at $5.26 on Friday. RF Industries has a one year low of $2.86 and a one year high of $5.77. The firm has a market capitalization of $55.44 million, a price-to-earnings ratio of -8.35 and a beta of 1.01. The business has a 50-day simple moving average of $4.31 and a 200 day simple moving average of $4.05.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, sell-side analysts expect that RF Industries will post 0.11 EPS for the current year.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent filing 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 period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 as of its most recent filing with the SEC. 23.49% of the stock is owned by institutional investors and hedge funds.

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.