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

Analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Performance

NASDAQ:RFIL opened at $3.82 on Friday. The stock’s fifty day moving average price is $3.85 and its two-hundred day moving average price is $3.38. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65. The company has a market cap of $40.09 million, a price-to-earnings ratio of -4.90 and a beta of 1.00.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%. The firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.28 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.