RF Industries (NASDAQ:RFIL) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of RF Industries, Ltd. (NASDAQ:RFIL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.86 and traded as low as $3.62. RF Industries shares last traded at $3.69, with a volume of 6,522 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com started coverage on shares of RF Industries in a research note on Friday. They issued a “hold” rating on the stock. B. Riley boosted their price target on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.

RF Industries Trading Down 0.8 %

The firm has a market capitalization of $38.40 million, a price-to-earnings ratio of -5.30 and a beta of 0.99. The company has a fifty day moving average price of $4.08 and a 200-day moving average price of $3.86.

Insiders Place Their Bets

In related news, Director Mark Keith Holdsworth bought 7,009 shares of RF Industries stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the acquisition, the director now owns 91,953 shares in the company, valued at $367,812. This trade represents a 8.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired 29,844 shares of company stock valued at $119,361 over the last ninety days. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC increased its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 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.