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

Stock analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Down 3.3 %

Shares of RF Industries stock opened at $5.04 on Friday. The firm has a market cap of $53.12 million, a price-to-earnings ratio of -8.00 and a beta of 1.01. The business has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.10. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP increased its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,733 shares of the electronics maker’s stock after acquiring an additional 2,062 shares during the period. Dimensional Fund Advisors LP owned approximately 2.20% of RF Industries worth $906,000 as of its most recent SEC filing. 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.