RF Industries (NASDAQ:RFIL) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note released on Sunday. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Trading Down 5.2 %

RF Industries stock opened at $4.38 on Friday. The stock has a market capitalization of $46.18 million, a price-to-earnings ratio of -6.95 and a beta of 1.01. The stock has a 50 day moving average of $4.55 and a two-hundred day moving average of $4.16. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. Equities analysts predict that RF Industries will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is currently owned by institutional investors.

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.