RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

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

Separately, B. Riley increased their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Stock Up 6.8 %

Shares of RF Industries stock opened at $4.08 on Friday. The firm has a market cap of $42.81 million, a PE ratio of -5.91 and a beta of 0.99. RF Industries has a 52 week low of $2.84 and a 52 week high of $4.65. The business’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $3.91.

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth purchased 7,009 shares of RF Industries stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $4.00 per share, with a total value of $28,036.00. Following the completion of the transaction, the director now owns 91,953 shares of the company’s stock, valued at $367,812. This trade represents a 8.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 23.49% of the company’s stock.

About RF Industries

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.