RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

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

Separately, B. Riley raised their price target on RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $4.08 on Tuesday. RF Industries has a twelve month low of $2.51 and a twelve month high of $4.65. The firm has a market cap of $42.82 million, a PE ratio of -5.23 and a beta of 0.99. The business has a fifty day moving average of $3.76 and a 200-day moving average of $3.44.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 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.