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

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

RF Industries Stock Performance

RFIL stock opened at $4.03 on Monday. The stock has a market capitalization of $42.49 million, a price-to-earnings ratio of -6.40 and a beta of 1.09. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The stock’s fifty day moving average is $4.58 and its two-hundred day moving average is $4.18.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) 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%. As a group, analysts predict that RF Industries will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent Form 13F filing with the 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 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.