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

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

Separately, B. Riley upped 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 1.3 %

NASDAQ RFIL opened at $3.83 on Friday. RF Industries has a 1 year low of $2.80 and a 1 year high of $4.65. The company has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $3.89. The company has a market cap of $40.19 million, a P/E ratio of -5.55 and a beta of 0.99.

Insiders Place Their Bets

In related news, Director Mark Keith Holdsworth purchased 8,800 shares of RF Industries stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of $3.97 per share, with a total value of $34,936.00. Following the acquisition, the director now directly owns 76,029 shares in the company, valued at approximately $301,835.13. This trade represents a 13.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired a total of 24,624 shares of company stock valued at $98,849 in the last three months. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 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.