RF Industries (NASDAQ:RFIL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILGet Rating) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Price Performance

RF Industries stock opened at $6.79 on Friday. The business’s 50-day simple moving average is $6.80 and its 200 day simple moving average is $6.66. The stock has a market cap of $68.99 million, a price-to-earnings ratio of 35.74 and a beta of 1.13. RF Industries has a 12-month low of $5.48 and a 12-month high of $8.99. The company has a quick ratio of 1.53, a current ratio of 2.85 and a debt-to-equity ratio of 0.36.

RF Industries (NASDAQ:RFILGet Rating) last posted its quarterly earnings results on Tuesday, June 14th. The electronics maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $21.51 million for the quarter, compared to analysts’ expectations of $19.11 million. RF Industries had a return on equity of 8.72% and a net margin of 2.63%. As a group, research analysts anticipate that RF Industries will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mark Keith Holdsworth bought 10,000 shares of RF Industries stock in a transaction on Friday, July 8th. The shares were purchased at an average price of $6.16 per share, for a total transaction of $61,600.00. Following the completion of the acquisition, the director now owns 537,852 shares in the company, valued at $3,313,168.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A number of hedge funds have recently modified their holdings of RFIL. Essex Investment Management Co. LLC raised its position in shares of RF Industries by 26.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 59,041 shares of the electronics maker’s stock worth $472,000 after purchasing an additional 12,220 shares during the period. AIGH Capital Management LLC raised its position in shares of RF Industries by 3.4% during the first quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock worth $3,692,000 after purchasing an additional 17,000 shares during the period. State Street Corp raised its position in shares of RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,496 shares during the period. Finally, Worth Venture Partners LLC raised its position in RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

RF Industries Company Profile

(Get Rating)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.

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