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

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

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

RF Industries Price Performance

NASDAQ:RFIL opened at $4.04 on Tuesday. The business has a fifty day moving average price of $4.01 and a 200-day moving average price of $3.74. RF Industries has a one year low of $2.58 and a one year high of $4.65. The firm has a market capitalization of $42.38 million, a price-to-earnings ratio of -5.86 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. The firm had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. On average, equities research analysts expect that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Activity at RF Industries

In related news, Director Mark Keith Holdsworth bought 8,815 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $4.07 per share, with a total value of $35,877.05. Following the transaction, the director now owns 84,944 shares in the company, valued at $345,722.08. This trade represents a 11.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders acquired 29,844 shares of company stock valued at $119,361. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

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.