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

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

RF Industries Price Performance

Shares of RFIL opened at $4.88 on Wednesday. The company has a market capitalization of $52.07 million, a PE ratio of -7.75 and a beta of 1.09. RF Industries has a one year low of $2.86 and a one year high of $5.77. The company’s fifty day moving average price is $4.68 and its 200 day moving average price is $4.23.

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 return on equity of 3.06% and a negative net margin of 10.18%. Analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

Several hedge funds have recently modified their holdings of RFIL. Wealthedge Investment Advisors LLC bought a new position in RF Industries during the fourth quarter worth $84,000. Geode Capital Management LLC grew its position in RF Industries by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after purchasing an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares during the period. 23.49% of the stock is owned by institutional investors.

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.