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

Equities researchers at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Price Performance

Shares of RFIL opened at $4.88 on Wednesday. RF Industries has a one year low of $2.86 and a one year high of $5.77. The company has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.23. The stock has a market cap of $52.07 million, a price-to-earnings ratio of -7.75 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data 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%. Analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted 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 worth $342,000 after purchasing an additional 9,863 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after buying an additional 2,062 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of RF Industries during the 4th quarter worth about $84,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

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.