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

Stock analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Up 4.1 %

NASDAQ:RFIL opened at $4.05 on Tuesday. The company has a market cap of $42.70 million, a price-to-earnings ratio of -6.43 and a beta of 1.09. RF Industries has a 52 week low of $2.86 and a 52 week high of $5.77. The company has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $4.19.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results 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%. On average, analysts expect that RF Industries will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC acquired a new stake in shares of RF Industries in the 4th quarter valued at $84,000. Geode Capital Management LLC increased its holdings in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after buying an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after buying an additional 2,062 shares in the last quarter. 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.