RF Industries (NASDAQ:RFIL) Given Sell (D-) Rating at Weiss Ratings

RF Industries (NASDAQ:RFIL)‘s stock had its “sell (d-)” rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other brokerages have also weighed in on RFIL. Wall Street Zen raised shares of RF Industries to a “strong-buy” rating in a report on Friday, July 18th. B. Riley lifted their price objective on shares of RF Industries from $6.25 to $9.25 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Zacks Research upgraded shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

RF Industries Price Performance

RF Industries stock opened at $8.46 on Wednesday. The company has a market capitalization of $90.27 million, a price-to-earnings ratio of -423.00 and a beta of 0.95. RF Industries has a 12-month low of $3.39 and a 12-month high of $9.56. The firm’s fifty day moving average price is $7.48 and its 200 day moving average price is $5.87.

Institutional Investors Weigh In On RF Industries

A number of large investors have recently made changes to their positions in RFIL. Goldman Sachs Group Inc. purchased a new position in RF Industries during the first quarter valued at approximately $56,000. Wealthedge Investment Advisors LLC grew its position in RF Industries by 171.1% in the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker’s stock worth $275,000 after acquiring an additional 36,942 shares in the last quarter. Bailard Inc. bought a new stake in RF Industries in the first quarter worth approximately $126,000. Finally, Heron Bay Capital Management bought a new stake in shares of RF Industries during the 2nd quarter worth $67,000. Institutional investors and hedge funds 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.