B. Riley Raises RF Industries (NASDAQ:RFIL) Price Target to $4.50

RF Industries (NASDAQ:RFIL) had its price objective upped by B. Riley from $4.25 to $4.50 in a research note issued to investors on Tuesday morning, Benzinga reports. B. Riley currently has a buy rating on the electronics maker’s stock. B. Riley also issued estimates for RF Industries’ Q4 2024 earnings at $0.04 EPS, FY2024 earnings at ($0.08) EPS and FY2025 earnings at $0.04 EPS.

Separately, StockNews.com initiated coverage on shares of RF Industries in a research note on Sunday, September 15th. They issued a hold rating for the company.

RF Industries Stock Down 0.8 %

NASDAQ RFIL opened at $3.71 on Tuesday. RF Industries has a fifty-two week low of $2.51 and a fifty-two week high of $4.65. The business has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $3.42. The stock has a market cap of $38.94 million, a PE ratio of -4.76 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors 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.