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

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

RF Industries Stock Performance

NASDAQ RFIL opened at $3.93 on Monday. The stock has a market capitalization of $41.44 million, a price-to-earnings ratio of -6.24 and a beta of 1.09. RF Industries has a 52 week low of $2.86 and a 52 week high of $5.77. The stock’s 50 day moving average price is $4.58 and its two-hundred day moving average price is $4.18.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 EPS 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%. 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. Geode Capital Management LLC lifted its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors and hedge funds.

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.