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

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

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

RF Industries Stock Performance

RFIL opened at $4.15 on Monday. RF Industries has a 1 year low of $2.56 and a 1 year high of $4.65. The company’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $3.71. The stock has a market capitalization of $43.55 million, a PE ratio of -6.01 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. As a group, sell-side analysts expect that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Activity at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,800 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $3.97 per share, with a total value of $34,936.00. Following the completion of the transaction, the director now owns 76,029 shares in the company, valued at $301,835.13. The trade was a 13.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 29,844 shares of company stock worth $119,361. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC boosted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 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.