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

Equities research analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Friday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley upped their target price 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 Stock Up 3.2 %

RFIL stock opened at $4.25 on Friday. RF Industries has a twelve month low of $2.51 and a twelve month high of $4.65. The stock has a market capitalization of $44.61 million, a price-to-earnings ratio of -5.45 and a beta of 0.99. The firm’s fifty day simple moving average is $3.84 and its two-hundred day simple moving average is $3.56.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The firm had revenue of $16.84 million for the quarter, compared to analysts’ expectations of $17.84 million. As a group, equities research analysts expect that RF Industries will post -0.08 EPS for the current year.

Insider Transactions at RF Industries

In related news, Director Mark Keith Holdsworth purchased 7,009 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the acquisition, the director now owns 91,953 shares in the company, valued at approximately $367,812. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders acquired 29,844 shares of company stock worth $119,361. 12.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing 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 filing with the Securities & Exchange Commission. Institutional investors own 23.49% of the company’s stock.

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.