RF Industries (NASDAQ:RFIL) Now Covered by StockNews.com

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

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

RF Industries Price Performance

RFIL stock opened at $3.66 on Friday. The firm’s fifty day simple moving average is $4.08 and its 200-day simple moving average is $3.86. RF Industries has a 12 month low of $2.61 and a 12 month high of $4.65. The company has a market capitalization of $38.40 million, a P/E ratio of -5.30 and a beta of 0.99.

Insider Buying and Selling

In other RF Industries news, Director Mark Keith Holdsworth purchased 8,815 shares of RF Industries stock in a transaction that occurred on Friday, October 4th. The stock was bought at an average price of $4.07 per share, with a total value of $35,877.05. Following the acquisition, the director now owns 84,944 shares of the company’s stock, valued at $345,722.08. This trade represents a 11.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have bought 29,844 shares of company stock valued at $119,361. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC boosted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. 23.49% of the stock is currently 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.