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 report released on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley upped their price objective on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Stock Performance

NASDAQ:RFIL opened at $4.14 on Thursday. The company has a fifty day moving average of $3.78 and a two-hundred day moving average of $3.52. The stock has a market capitalization of $43.45 million, a PE ratio of -5.31 and a beta of 0.99. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $4.65.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. Research analysts forecast that RF Industries will post -0.08 earnings per share for the current year.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth bought 8,800 shares of RF Industries stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the completion of the transaction, the director now directly owns 76,029 shares of the company’s stock, valued at approximately $301,835.13. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 22,835 shares of company stock worth $91,325 over the last three months. Insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.