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

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

Separately, B. Riley boosted their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Performance

Shares of RFIL stock opened at $4.20 on Friday. The stock has a fifty day simple moving average of $3.87 and a two-hundred day simple moving average of $3.58. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65. The firm has a market capitalization of $44.08 million, a PE ratio of -5.38 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The business had revenue of $16.84 million for the quarter, compared to analysts’ expectations of $17.84 million. On average, sell-side analysts forecast that RF Industries will post -0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Keith Holdsworth bought 8,815 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average cost of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the transaction, the director now owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought a total of 29,844 shares of company stock worth $119,361 over the last 90 days. Corporate insiders own 12.20% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned approximately 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.

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.