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

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

RF Industries Trading Down 0.8 %

Shares of NASDAQ:RFIL opened at $4.70 on Thursday. The firm has a market cap of $50.15 million, a price-to-earnings ratio of -7.46 and a beta of 1.09. The stock’s 50-day moving average price is $4.74 and its two-hundred day moving average price is $4.26. RF Industries has a 12-month low of $2.86 and a 12-month high of $5.77.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that RF Industries will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RF Industries news, Director Mark Keith Holdsworth purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $4.72 per share, with a total value of $70,800.00. Following the transaction, the director now owns 106,953 shares in the company, valued at approximately $504,818.16. This trade represents a 16.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after buying an additional 2,062 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 9,863 shares during the period. Finally, Wealthedge Investment Advisors LLC acquired a new stake in RF Industries in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

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.