StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL – Free Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the electronics maker’s stock.
Separately, B. Riley lifted their price target on RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.
Read Our Latest Analysis on RF Industries
RF Industries Price Performance
RF Industries (NASDAQ:RFIL – Get Free Report) last posted its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $16.84 million during the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. On average, analysts predict that RF Industries will post -0.08 EPS for the current year.
Insider Activity
In other RF Industries news, Director Mark Keith Holdsworth acquired 7,009 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 of the company’s stock, valued at approximately $367,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 29,844 shares of company stock worth $119,361. 15.70% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On RF Industries
An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP grew its position in RF Industries, Ltd. (NASDAQ:RFIL – Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.
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