RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Monday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley lifted their target price on 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 Stock Performance

Shares of NASDAQ RFIL opened at $3.96 on Monday. The stock’s 50-day simple moving average is $3.98 and its 200-day simple moving average is $3.69. The firm has a market capitalization of $41.55 million, a PE ratio of -5.81 and a beta of 0.99. RF Industries has a fifty-two week low of $2.56 and a fifty-two week high of $4.65.

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

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was acquired at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the purchase, the director now owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This represents a 11.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 29,844 shares of company stock valued at $119,361. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors 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.