Mark Keith Holdsworth Purchases 7,009 Shares of RF Industries, Ltd. (NASDAQ:RFIL) Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth bought 7,009 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $4.00 per share, with a total value of $28,036.00. Following the transaction, the director now owns 91,953 shares in the company, valued at approximately $367,812. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mark Keith Holdsworth also recently made the following trade(s):

• On Friday, October 4th, Mark Keith Holdsworth purchased 8,815 shares of RF Industries stock. The stock was bought at an average cost of $4.07 per share, for a total transaction of $35,877.05.
• On Wednesday, October 2nd, Mark Keith Holdsworth acquired 8,800 shares of RF Industries stock. The shares were purchased at an average price of $3.97 per share, with a total value of $34,936.00.
• On Monday, September 30th, Mark Keith Holdsworth bought 5,000 shares of RF Industries stock. The stock was purchased at an average price of $3.94 per share, for a total transaction of $19,700.00.
• On Friday, September 27th, Mark Keith Holdsworth purchased 220 shares of RF Industries stock. The shares were purchased at an average cost of $3.69 per share, with a total value of $811.80.

RF Industries Price Performance

Shares of NASDAQ:RFIL opened at $4.12 on Friday. The stock has a market capitalization of $43.24 million, a P/E ratio of -5.28 and a beta of 0.99. The business has a 50-day moving average of $3.80 and a two-hundred day moving average of $3.53. RF Industries, Ltd. has a fifty-two week low of $2.51 and a fifty-two week high of $4.65.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $16.84 million during the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. As a group, research analysts expect that RF Industries, Ltd. will post -0.08 EPS for the current fiscal year.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors and hedge funds own 23.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RFIL shares. B. Riley increased their price objective on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th. StockNews.com initiated coverage on shares of RF Industries in a research note on Thursday. They set a “hold” rating on the stock.

About RF Industries

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.