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

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

Separately, B. Riley cut their price target on RF Industries from $4.25 to $4.00 and set a buy rating for the company in a report on Wednesday, March 20th.

RF Industries Stock Down 1.3 %

Shares of RFIL stock opened at $2.95 on Wednesday. RF Industries has a 12 month low of $2.51 and a 12 month high of $5.08. The firm has a market cap of $30.96 million, a PE ratio of -9.52 and a beta of 0.94. The stock has a 50 day moving average of $3.14 and a 200-day moving average of $2.98. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The company had revenue of $13.46 million during the quarter, compared to analyst estimates of $14.49 million. During the same period in the previous year, the company earned ($0.02) earnings per share. On average, equities analysts predict that RF Industries will post -0.12 EPS for the current year.

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.