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

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

RF Industries Stock Performance

NASDAQ:RFIL opened at $3.69 on Friday. The stock’s fifty day moving average is $3.81 and its 200 day moving average is $3.36. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $4.65. The firm has a market capitalization of $38.72 million, a PE ratio of -4.73 and a beta of 1.00.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Thursday, June 13th. The electronics maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.28 million. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 23.49% of the stock is currently owned by hedge funds and other 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.