RF Industries (NASDAQ:RFIL) Stock Crosses Above 200 Day Moving Average of $3.38

RF Industries, Ltd. (NASDAQ:RFIL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.38 and traded as high as $3.82. RF Industries shares last traded at $3.82, with a volume of 7,733 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on RF Industries in a report on Saturday. They issued a “hold” rating on the stock.

RF Industries Stock Up 3.0 %

The stock has a market cap of $40.09 million, a PE ratio of -4.90 and a beta of 1.00. The company has a fifty day moving average price of $3.85 and a 200 day moving average price of $3.38.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.28 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 23.49% of the stock is 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.