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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Monday. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley upped their price target on shares of 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 Price Performance

RF Industries stock opened at $3.88 on Monday. The business has a fifty day moving average price of $4.00 and a 200-day moving average price of $3.93. RF Industries has a 1-year low of $2.84 and a 1-year high of $4.65. The stock has a market capitalization of $40.71 million, a price-to-earnings ratio of -5.62 and a beta of 0.99.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC grew its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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. 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.