StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

Research analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RFIL opened at $4.38 on Friday. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77. The firm has a market cap of $46.18 million, a P/E ratio of -6.95 and a beta of 1.01. The firm’s 50 day moving average price is $4.55 and its two-hundred day moving average price is $4.16.

RF Industries (NASDAQ:RFIL) last issued its earnings results 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 return on equity of 3.06% and a negative net margin of 10.18%. On average, sell-side analysts anticipate that RF Industries will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

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.