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

Stock analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley raised their price target on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Trading Down 1.2 %

Shares of RF Industries stock opened at $4.11 on Tuesday. The firm has a market capitalization of $43.11 million, a PE ratio of -5.96 and a beta of 0.99. RF Industries has a 12 month low of $2.58 and a 12 month high of $4.65. The business’s 50-day moving average price is $4.02 and its 200-day moving average price is $3.75.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. The business had revenue of $16.84 million for the quarter, compared to analysts’ expectations of $17.84 million. As a group, analysts predict that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Activity at RF Industries

In other news, Director Mark Keith Holdsworth purchased 8,800 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the completion of the transaction, the director now directly owns 76,029 shares of the company’s stock, valued at $301,835.13. This trade represents a 13.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased 29,844 shares of company stock worth $119,361 over the last 90 days. 15.70% of the stock is owned by company insiders.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent disclosure 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 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.