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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report released on Tuesday morning. 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 stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Price Performance

Shares of RFIL stock opened at $4.11 on Tuesday. The company’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $3.75. The firm has a market capitalization of $43.11 million, a P/E ratio of -5.96 and a beta of 0.99. RF Industries has a 12 month low of $2.58 and a 12 month high of $4.65.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. The business had revenue of $16.84 million during the quarter, compared to analysts’ expectations of $17.84 million. On average, sell-side analysts anticipate that RF Industries will post -0.08 EPS for the current year.

Insider Buying and Selling at RF Industries

In related news, Director Mark Keith Holdsworth bought 7,009 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the purchase, the director now directly owns 91,953 shares in the company, valued at approximately $367,812. The trade was a 8.25 % 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 acquired a total of 29,844 shares of company stock worth $119,361 over the last 90 days. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & 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 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.