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

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

RF Industries Stock Down 7.2 %

Shares of RF Industries stock opened at $4.54 on Wednesday. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77. The business has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.24. The firm has a market cap of $48.44 million, a price-to-earnings ratio of -7.21 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. On average, equities analysts expect that RF Industries will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after acquiring an additional 9,863 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares during the period. Finally, Wealthedge Investment Advisors LLC purchased a new stake in RF Industries during the 4th quarter valued at $84,000. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.