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

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research report released on Thursday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley upped their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Stock Performance

Shares of NASDAQ RFIL opened at $4.12 on Thursday. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $4.65. The company has a market cap of $43.24 million, a price-to-earnings ratio of -5.28 and a beta of 0.99. The business’s 50 day moving average price is $3.80 and its 200-day moving average price is $3.54.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The business had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. Sell-side analysts predict that RF Industries will post -0.08 earnings per share for the current year.

Insider Activity at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the company’s stock in a transaction on Friday, October 4th. The shares were bought at an average cost of $4.07 per share, for a total transaction of $35,877.05. Following the acquisition, the director now directly owns 84,944 shares in the company, valued at approximately $345,722.08. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 29,844 shares of company stock worth $119,361 over the last three months. 12.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.