RF Industries (NASDAQ:RFIL) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

RF Industries, Ltd. (NASDAQ:RFIL) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.86 and traded as low as $3.62. RF Industries shares last traded at $3.69, with a volume of 6,522 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RFIL. B. Riley raised their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. StockNews.com assumed coverage on RF Industries in a report on Friday. They issued a “hold” rating on the stock.

RF Industries Price Performance

The company has a 50-day simple moving average of $4.08 and a 200-day simple moving average of $3.86. The stock has a market cap of $38.72 million, a PE ratio of -5.35 and a beta of 0.99.

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

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth bought 8,800 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of $3.97 per share, with a total value of $34,936.00. Following the completion of the acquisition, the director now owns 76,029 shares of the company’s stock, valued at approximately $301,835.13. This trade represents a 13.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 29,844 shares of company stock valued at $119,361. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 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.