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

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

RF Industries Price Performance

Shares of RFIL stock opened at $3.49 on Wednesday. The company has a fifty day moving average price of $3.73 and a two-hundred day moving average price of $3.33. RF Industries has a one year low of $2.51 and a one year high of $4.65. The stock has a market cap of $36.63 million, a P/E ratio of -4.47 and a beta of 1.00.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.28 million. RF Industries had a negative net margin of 13.34% and a negative return on equity of 5.92%.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Hedge funds and other 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.