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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley upped their price target on 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

RF Industries stock opened at $3.83 on Friday. RF Industries has a fifty-two week low of $2.80 and a fifty-two week high of $4.65. The firm has a fifty day moving average price of $4.05 and a two-hundred day moving average price of $3.89. The firm has a market cap of $40.19 million, a price-to-earnings ratio of -5.55 and a beta of 0.99.

Insider Transactions at RF Industries

In other news, Director Mark Keith Holdsworth acquired 8,815 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were bought at an average price of $4.07 per share, with a total value of $35,877.05. Following the acquisition, the director now owns 84,944 shares of the company’s stock, valued at $345,722.08. This trade represents a 11.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 29,624 shares of company stock worth $118,549. 15.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the SEC. 23.49% of the stock is currently owned by institutional investors.

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.