RF Industries (NASDAQ:RFIL) Now Covered by StockNews.com

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

RF Industries Stock Up 13.3 %

NASDAQ RFIL opened at $5.01 on Wednesday. The firm has a market cap of $52.81 million, a price-to-earnings ratio of -7.95 and a beta of 0.99. The business has a 50-day moving average price of $4.05 and a 200-day moving average price of $3.96. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.10.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data 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%. Research analysts expect that RF Industries will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is currently 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.