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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFILFree Report) in a research note published on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RFIL stock opened at $3.28 on Wednesday. The firm has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $3.06. The company has a quick ratio of 1.38, a current ratio of 2.88 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $33.92 million, a PE ratio of -11.31 and a beta of 0.92. RF Industries has a 12-month low of $2.51 and a 12-month high of $5.16.

RF Industries (NASDAQ:RFILGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. RF Industries had a negative net margin of 4.26% and a negative return on equity of 1.10%. The firm had revenue of $15.87 million during the quarter, compared to the consensus estimate of $16.71 million. As a group, analysts predict that RF Industries will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of RF Industries by 9.3% in the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after buying an additional 2,496 shares in the last quarter. Worth Venture Partners LLC raised its position in shares of RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after buying an additional 12,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of RF Industries by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after buying an additional 15,174 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in shares of RF Industries by 70.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after buying an additional 420,000 shares in the last quarter. 33.13% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Company Profile

(Get Free Report)

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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