StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

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

RF Industries Trading Down 3.3 %

Shares of RFIL opened at $5.04 on Friday. The firm has a market cap of $53.12 million, a P/E ratio of -8.00 and a beta of 1.01. The company’s 50-day moving average price is $4.46 and its 200 day moving average price is $4.11. RF Industries has a 12-month low of $2.86 and a 12-month high of $5.77.

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

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC boosted its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. 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.