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

Research analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley boosted their price target 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 Price Performance

NASDAQ RFIL opened at $4.01 on Monday. The firm has a market capitalization of $42.08 million, a price-to-earnings ratio of -5.81 and a beta of 0.99. The company has a 50 day simple moving average of $3.98 and a 200-day simple moving average of $3.69. RF Industries has a 52-week low of $2.55 and a 52-week high of $4.65.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, analysts predict that RF Industries will post -0.08 EPS for the current year.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth purchased 8,800 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the completion of the acquisition, the director now directly owns 76,029 shares in the company, valued at $301,835.13. This represents a 13.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 29,844 shares of company stock worth $119,361 over the last 90 days. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.