RF Industries (NASDAQ:RFIL) Stock Passes Above Two Hundred Day Moving Average of $3.44

RF Industries, Ltd. (NASDAQ:RFIL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.44 and traded as high as $4.08. RF Industries shares last traded at $4.08, with a volume of 19,981 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RFIL shares. StockNews.com assumed coverage on RF Industries in a report on Tuesday. They set a “hold” rating for the company. B. Riley upped 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.

RF Industries Price Performance

The stock has a fifty day moving average of $3.76 and a 200 day moving average of $3.45. The firm has a market capitalization of $42.82 million, a P/E ratio of -5.23 and a beta of 0.99.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 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.