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

Investment analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley cut their price objective on shares of RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th.

RF Industries Stock Down 0.7 %

RFIL opened at $3.03 on Tuesday. The firm’s 50 day simple moving average is $3.15 and its two-hundred day simple moving average is $2.97. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $31.82 million, a PE ratio of -9.77 and a beta of 0.94. RF Industries has a 1-year low of $2.51 and a 1-year high of $5.08.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, March 18th. The electronics maker reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. The business had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. During the same period last year, the company posted ($0.02) EPS. As a group, equities analysts forecast that RF Industries will post -0.12 EPS for the current year.

Hedge Funds Weigh In On RF Industries

A number of large investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. raised its position in RF Industries by 70.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock worth $4,478,000 after acquiring an additional 420,000 shares during the period. Vanguard Group Inc. raised its position in RF Industries by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock worth $1,128,000 after acquiring an additional 15,174 shares during the period. Worth Venture Partners LLC raised its position in RF Industries by 10.3% during the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after acquiring an additional 12,000 shares during the period. Finally, State Street Corp raised its position in RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after acquiring an additional 2,496 shares during the period. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.