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

Analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

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

RF Industries Stock Performance

Shares of RFIL opened at $3.83 on Monday. The stock has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $3.93. RF Industries has a 52-week low of $2.84 and a 52-week high of $4.65. The firm has a market capitalization of $40.19 million, a PE ratio of -5.55 and a beta of 0.99.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth purchased 7,009 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $4.00 per share, with a total value of $28,036.00. Following the transaction, the director now directly owns 91,953 shares of the company’s stock, valued at $367,812. This represents a 8.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent filing with the SEC. 23.49% of the stock is owned by institutional investors.

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.