B. Riley Financial Upgrades RF Industries (NASDAQ:RFIL) to “Buy”

RF Industries (NASDAQ:RFIL) was upgraded by investment analysts at B. Riley Financial from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $15.00 price objective on the electronics maker’s stock. B. Riley Financial’s price target points to a potential upside of 33.33% from the stock’s previous close.

Several other analysts have also weighed in on the company. Lake Street Capital initiated coverage on RF Industries in a research note on Thursday, August 13th. They issued a “buy” rating and a $19.00 price objective on the stock. Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings cut shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

RF Industries Price Performance

Shares of RFIL opened at $11.25 on Friday. The firm has a 50 day simple moving average of $15.41 and a two-hundred day simple moving average of $14.07. RF Industries has a one year low of $5.54 and a one year high of $22.30. The company has a market cap of $122.06 million, a P/E ratio of 80.36 and a beta of 1.29.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. RF Industries had a return on equity of 12.79% and a net margin of 1.70%.The company had revenue of $20.69 million for the quarter, compared to analyst estimates of $19.67 million. On average, analysts expect that RF Industries will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. lifted its holdings in shares of RF Industries by 9.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock worth $5,070,000 after purchasing an additional 74,091 shares during the period. Vanguard Group Inc. increased its holdings in RF Industries by 5.5% in the third quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after purchasing an additional 20,536 shares during the period. Dimensional Fund Advisors LP increased its holdings in RF Industries by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock valued at $1,397,000 after purchasing an additional 13,349 shares during the period. O Shaughnessy Asset Management LLC raised its position in RF Industries by 58.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock worth $1,228,000 after purchasing an additional 78,144 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in RF Industries during the 3rd quarter worth $1,651,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.