RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

RF Industries Trading Down 3.3 %

NASDAQ RFIL opened at $4.15 on Wednesday. The firm’s 50 day simple moving average is $4.06 and its 200 day simple moving average is $3.79. The firm has a market capitalization of $43.53 million, a price-to-earnings ratio of -6.01 and a beta of 0.99. RF Industries has a 1 year low of $2.61 and a 1 year high of $4.65.

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

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth purchased 8,800 shares of RF Industries stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the completion of the acquisition, the director now owns 76,029 shares in the company, valued at approximately $301,835.13. This trade represents a 13.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 29,844 shares of company stock worth $119,361 over the last quarter. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent disclosure 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 as of its most recent SEC filing. Hedge funds and other 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.