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

Investment analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Up 3.7 %

RF Industries stock opened at $5.45 on Friday. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The company’s fifty day simple moving average is $4.35 and its 200-day simple moving average is $4.07. The stock has a market cap of $57.49 million, a P/E ratio of -8.66 and a beta of 1.01.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, equities research analysts expect that RF Industries will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,733 shares of the electronics maker’s stock after purchasing an additional 2,062 shares during the period. Dimensional Fund Advisors LP owned 2.20% of RF Industries worth $906,000 at the end of the most recent reporting period. 23.49% of the stock is owned by institutional investors.

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.