RF Industries (NASDAQ:RFIL) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

RF Industries, Ltd. (NASDAQ:RFIL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.96 and traded as high as $4.59. RF Industries shares last traded at $4.52, with a volume of 33,131 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of RF Industries in a research report on Wednesday. They issued a “hold” rating on the stock.

RF Industries Trading Up 3.7 %

The stock has a market capitalization of $47.66 million, a P/E ratio of -7.17 and a beta of 0.99. The company’s 50-day moving average is $4.03 and its two-hundred day moving average is $3.96.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. Sell-side analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing. 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.