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

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

RF Industries Price Performance

Shares of RFIL stock opened at $4.30 on Friday. The stock has a market cap of $45.13 million, a P/E ratio of -5.51 and a beta of 0.99. The stock has a fifty day moving average price of $3.86 and a 200 day moving average price of $3.41. RF Industries has a one year low of $2.51 and a one year high of $4.65.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 2.15% of RF Industries worth $788,000 as of its most recent filing with the SEC. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

About RF Industries

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.