RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Update

RF Industries, Ltd. (NASDAQ:RFIL) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 17,300 shares, a drop of 28.2% from the September 15th total of 24,100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 20,600 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RFIL shares. B. Riley increased their price objective on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, September 17th. StockNews.com assumed coverage on shares of RF Industries in a research report on Wednesday. They set a “hold” rating on the stock.

RF Industries Stock Performance

NASDAQ:RFIL traded down $0.08 during mid-day trading on Friday, reaching $3.94. 15,486 shares of the company’s stock were exchanged, compared to its average volume of 12,686. RF Industries has a one year low of $2.51 and a one year high of $4.65. The firm has a market capitalization of $41.33 million, a PE ratio of -5.71 and a beta of 0.99. The business’s fifty day simple moving average is $3.75 and its two-hundred day simple moving average is $3.50.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. As a group, equities research analysts forecast that RF Industries will post -0.08 EPS for the current 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 purchased at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the purchase, the director now directly owns 84,944 shares in the company, valued at $345,722.08. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 22,835 shares of company stock worth $91,325 over the last quarter. 15.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission. 23.49% of the stock is owned by 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.