RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

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

RF Industries Trading Down 3.7 %

Shares of NASDAQ:RFIL opened at $3.68 on Friday. RF Industries has a 52 week low of $2.51 and a 52 week high of $4.65. The company’s 50 day moving average is $3.85 and its two-hundred day moving average is $3.39. The company has a market cap of $38.12 million, a PE ratio of -4.72 and a beta of 0.99.

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

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 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.