RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Thursday. The brokerage set 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 on the stock in a research report on Wednesday, March 20th.

RF Industries Price Performance

Shares of RFIL opened at $2.90 on Thursday. The business’s 50-day moving average is $3.10 and its two-hundred day moving average is $2.98. The company has a market capitalization of $30.45 million, a P/E ratio of -9.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 2.91. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $5.08.

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