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

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILFree Report) in a research report report published on Friday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Performance

RF Industries stock opened at $3.09 on Friday. The firm has a market capitalization of $31.96 million, a P/E ratio of -10.66 and a beta of 0.95. The stock has a fifty day moving average price of $3.16 and a 200 day moving average price of $3.00. RF Industries has a 52 week low of $2.51 and a 52 week high of $5.08. The company has a current ratio of 2.88, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27.

RF Industries (NASDAQ:RFILGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The electronics maker reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $15.87 million during the quarter, compared to analyst estimates of $16.71 million. RF Industries had a negative return on equity of 1.10% and a negative net margin of 4.26%. Equities research analysts anticipate that RF Industries will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its position in shares of RF Industries by 70.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock worth $4,478,000 after buying an additional 420,000 shares during the period. Vanguard Group Inc. boosted its position in shares of RF Industries by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock worth $1,128,000 after buying an additional 15,174 shares during the period. Worth Venture Partners LLC boosted its position in shares of RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after buying an additional 12,000 shares during the period. Finally, State Street Corp boosted its holdings in RF Industries by 9.3% in the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,496 shares during the last quarter. Hedge funds and other institutional investors own 33.13% of the company’s stock.

RF Industries Company Profile

(Get Free Report)

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.

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