StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

Research analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Friday. The brokerage set a “buy” rating on the electronics maker’s stock.

RF Industries Price Performance

NASDAQ:RFIL opened at $3.99 on Friday. The company has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.27. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77. The firm has a market cap of $42.57 million, a price-to-earnings ratio of -6.33 and a beta of 0.83.

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

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $4.72 per share, with a total value of $70,800.00. Following the purchase, the director now owns 106,953 shares in the company, valued at approximately $504,818.16. The trade was a 16.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC purchased a new position in RF Industries during the fourth quarter worth approximately $84,000. Geode Capital Management LLC raised its holdings 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 worth $342,000 after acquiring an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after buying an additional 2,062 shares during the period. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.