B. Riley Raises RF Industries (NASDAQ:RFIL) Price Target to $4.50

RF Industries (NASDAQ:RFIL) had its price target upped by investment analysts at B. Riley from $4.25 to $4.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. B. Riley’s target price would indicate a potential upside of 21.46% from the company’s current price.

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

RF Industries Stock Down 2.5 %

RFIL opened at $3.71 on Tuesday. The firm has a market capitalization of $38.89 million, a P/E ratio of -4.75 and a beta of 0.99. The stock’s 50 day moving average price is $3.84 and its two-hundred day moving average price is $3.41. RF Industries has a 12-month low of $2.51 and a 12-month high of $4.65.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing 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 filing with the Securities and Exchange Commission. 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.