RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Friday. The firm set a “hold” rating on the electronics maker’s stock.

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

RF Industries Price Performance

Shares of RFIL stock opened at $4.25 on Friday. The company has a market capitalization of $44.61 million, a price-to-earnings ratio of -5.45 and a beta of 0.99. The company’s fifty day moving average price is $3.84 and its 200-day moving average price is $3.56. RF Industries has a one year low of $2.51 and a one year high of $4.65.

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

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth purchased 8,815 shares of the business’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the acquisition, the director now directly owns 84,944 shares of the company’s stock, valued at $345,722.08. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 29,844 shares of company stock valued at $119,361 in the last 90 days. Insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.