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

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

RF Industries Stock Down 5.9 %

NASDAQ RFIL opened at $4.59 on Wednesday. The stock’s 50-day moving average price is $4.69 and its 200-day moving average price is $4.23. The company has a market capitalization of $48.98 million, a P/E ratio of -7.29 and a beta of 1.09. RF Industries has a 52 week low of $2.86 and a 52 week high of $5.77.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. Research analysts anticipate that RF Industries will post 0.11 EPS for the current year.

Institutional Investors Weigh In On RF Industries

Institutional investors have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC purchased a new position in shares of RF Industries in the fourth quarter valued at about $84,000. Geode Capital Management LLC raised its stake in RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.