StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

Equities research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

RF Industries Trading Down 4.3 %

RFIL opened at $4.05 on Thursday. The firm’s 50 day simple moving average is $4.11 and its two-hundred day simple moving average is $3.84. The company has a market capitalization of $42.48 million, a PE ratio of -5.74 and a beta of 0.99. RF Industries has a 1-year low of $2.61 and a 1-year high of $4.65.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $16.84 million during the quarter, compared to the consensus estimate of $17.84 million. Equities analysts forecast that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RF Industries news, Director Mark Keith Holdsworth bought 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $3.97 per share, with a total value of $34,936.00. Following the purchase, the director now owns 76,029 shares of the company’s stock, valued at $301,835.13. This trade represents a 13.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders bought 29,844 shares of company stock valued at $119,361. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after acquiring 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 quarter. 23.49% of the stock is owned by institutional investors and hedge funds.

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.