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

Equities researchers at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Trading Down 3.3 %

Shares of RF Industries stock opened at $5.04 on Friday. The company’s fifty day simple moving average is $4.46 and its two-hundred day simple moving average is $4.12. RF Industries has a 12-month low of $2.86 and a 12-month high of $5.77. The company has a market cap of $53.14 million, a P/E ratio of -8.00 and a beta of 1.01.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate 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%. Analysts predict that RF Industries will post 0.11 EPS for the current fiscal year.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC increased its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities & Exchange Commission. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.