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

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

Separately, B. Riley increased their price objective on 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 Price Performance

RF Industries stock opened at $4.08 on Friday. The stock has a market cap of $42.81 million, a price-to-earnings ratio of -5.91 and a beta of 0.99. The firm has a 50-day moving average of $4.03 and a two-hundred day moving average of $3.91. RF Industries has a 1 year low of $2.84 and a 1 year high of $4.65.

Insider Activity at RF Industries

In related news, Director Mark Keith Holdsworth purchased 7,009 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the acquisition, the director now owns 91,953 shares of the company’s stock, valued at $367,812. The trade was a 8.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP lifted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 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.