RF Industries (NASDAQ:RFIL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley dropped their price target on shares of RF Industries from $4.25 to $4.00 and set a buy rating on the stock in a research note on Wednesday, March 20th.

RF Industries Trading Down 2.3 %

NASDAQ RFIL opened at $2.94 on Wednesday. RF Industries has a 1-year low of $2.51 and a 1-year high of $5.08. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $30.87 million, a PE ratio of -9.48 and a beta of 0.94. The firm’s fifty day simple moving average is $3.12 and its 200-day simple moving average is $2.98.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. The business had revenue of $13.46 million for the quarter, compared to the consensus estimate of $14.49 million. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that RF Industries will post -0.12 earnings per share for the current fiscal year.

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.