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

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Sunday. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley decreased their target price on 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 Price Performance

NASDAQ:RFIL opened at $3.10 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $2.96. The firm has a market capitalization of $32.55 million, a price-to-earnings ratio of -10.00 and a beta of 0.95. RF Industries has a 12-month low of $2.51 and a 12-month high of $5.08.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million for the quarter, compared to analyst estimates of $14.49 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, analysts anticipate that RF Industries will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

A number of large investors have recently modified their holdings of RFIL. State Street Corp boosted its holdings in shares of RF Industries by 9.3% in the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,496 shares in the last quarter. Worth Venture Partners LLC boosted its holdings in shares of RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after purchasing an additional 12,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of RF Industries by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after purchasing an additional 15,174 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of RF Industries by 70.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after acquiring an additional 420,000 shares during the last quarter. 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.