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

Stock analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Price Performance

RFIL stock opened at $5.01 on Wednesday. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.10. The business has a fifty day moving average price of $4.05 and a 200-day moving average price of $3.96. The stock has a market capitalization of $52.81 million, a P/E ratio of -7.95 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. As a group, analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC boosted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.