StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

Equities research analysts at StockNews.com initiated 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.

RF Industries Trading Down 5.2 %

Shares of RFIL stock opened at $4.38 on Friday. The company has a market capitalization of $46.18 million, a PE ratio of -6.95 and a beta of 1.01. The firm has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.16. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77.

RF Industries (NASDAQ:RFIL) last announced 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 3.06% and a negative net margin of 10.18%. Equities research analysts predict that RF Industries will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,733 shares of the electronics maker’s stock after purchasing an additional 2,062 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.20% of RF Industries worth $906,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.