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

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the electronics maker’s stock.

RF Industries Trading Up 8.8 %

RF Industries stock opened at $4.44 on Tuesday. The firm has a market cap of $46.58 million, a PE ratio of -7.05 and a beta of 0.99. RF Industries has a 12 month low of $2.84 and a 12 month high of $4.65. The stock’s 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $3.96.

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 the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.03%. On average, equities research analysts forecast that RF Industries will post 0.11 EPS for the current year.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

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.