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

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

RF Industries Trading Down 1.2 %

NASDAQ:RFIL opened at $4.08 on Tuesday. The stock has a 50 day simple moving average of $4.01 and a 200 day simple moving average of $3.95. The stock has a market cap of $42.80 million, a P/E ratio of -6.48 and a beta of 0.99. RF Industries has a 1-year low of $2.84 and a 1-year high of $4.65.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results 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 3.03%. As a group, sell-side analysts forecast that RF Industries will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC grew its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities and 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 as of its most recent SEC filing. 23.49% of the stock is currently 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.