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

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

RF Industries Stock Performance

NASDAQ RFIL opened at $4.16 on Thursday. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.27. The stock has a market cap of $44.39 million, a PE ratio of -6.60 and a beta of 1.09. RF Industries has a fifty-two week low of $2.86 and a fifty-two week high of $5.77.

RF Industries (NASDAQ:RFIL) last issued its earnings results 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%. As a group, sell-side analysts predict that RF Industries will post 0.11 earnings per share for the current fiscal year.

Insider Transactions at RF Industries

In related news, Director Mark Keith Holdsworth bought 15,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $4.72 per share, for a total transaction of $70,800.00. Following the completion of the acquisition, the director now directly owns 106,953 shares of the company’s stock, valued at $504,818.16. This trade represents a 16.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Wealthedge Investment Advisors LLC purchased a new stake in shares of RF Industries during the 4th quarter valued at approximately $84,000. Geode Capital Management LLC raised its stake in shares of RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in RF Industries by 0.9% during 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 in the last 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.