RF Industries (NASDAQ:RFIL) Share Price Passes Above 200-Day Moving Average of $3.08

Shares of RF Industries, Ltd. (NASDAQ:RFIL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.08 and traded as high as $3.45. RF Industries shares last traded at $3.42, with a volume of 2,522 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RFIL shares. B. Riley reduced their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. StockNews.com started coverage on RF Industries in a research note on Thursday. They issued a “hold” rating on the stock.

RF Industries Trading Up 1.5 %

The firm has a market cap of $35.91 million, a P/E ratio of -4.38 and a beta of 1.00. The firm has a 50-day simple moving average of $3.10 and a 200-day simple moving average of $3.08.

RF Industries (NASDAQ:RFIL) last issued 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. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%. The firm had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.28 million.

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.