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

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RFIL opened at $4.13 on Tuesday. The stock has a market capitalization of $43.32 million, a PE ratio of -6.56 and a beta of 0.99. The company’s fifty day moving average is $4.01 and its 200 day moving average is $3.95. RF Industries has a fifty-two week low of $2.84 and a fifty-two week high of $4.65.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.03% and a negative net margin of 10.18%. As a group, research analysts forecast that RF Industries will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC boosted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

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.