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

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

RF Industries Stock Performance

NASDAQ:RFIL opened at $4.70 on Thursday. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The stock has a fifty day moving average price of $4.74 and a two-hundred day moving average price of $4.26. The stock has a market capitalization of $50.15 million, a price-to-earnings ratio of -7.46 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (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, analysts predict that RF Industries will post 0.11 EPS for the current year.

Insider Transactions at RF Industries

In other news, Director Mark Keith Holdsworth purchased 15,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $4.72 per share, with a total value of $70,800.00. Following the purchase, the director now directly owns 106,953 shares of the company’s stock, valued at $504,818.16. This represents a 16.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew 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 valued at $906,000 after purchasing an additional 2,062 shares during the last quarter. Geode Capital Management LLC lifted its stake in RF Industries by 13.3% in the 3rd 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 in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in RF Industries during the 4th quarter valued at $84,000. 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.