RF Industries (NASDAQ:RFIL) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Thursday. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley boosted their target price 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.

RF Industries Price Performance

RF Industries stock opened at $4.13 on Thursday. The firm has a market cap of $43.35 million, a PE ratio of -5.29 and a beta of 0.99. The stock’s fifty day moving average price is $3.79 and its two-hundred day moving average price is $3.53. RF Industries has a one year low of $2.51 and a one year high of $4.65.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company 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%. Sell-side analysts expect that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth acquired 8,800 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the transaction, the director now directly owns 76,029 shares in the company, valued at $301,835.13. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have acquired 29,844 shares of company stock worth $119,361. Insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,737 shares of the electronics maker’s stock after buying 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 SEC filing. 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.