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

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

Separately, B. Riley increased 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 Up 6.8 %

RFIL stock opened at $4.08 on Friday. RF Industries has a 12-month low of $2.84 and a 12-month high of $4.65. The business’s 50-day moving average is $4.03 and its 200 day moving average is $3.91. The stock has a market cap of $42.81 million, a price-to-earnings ratio of -5.91 and a beta of 0.99.

Insider Buying and Selling

In related news, Director Mark Keith Holdsworth acquired 7,009 shares of RF Industries stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the transaction, the director now owns 91,953 shares in the company, valued at $367,812. This represents a 8.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is currently owned by institutional investors.

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.