RF Industries (NASDAQ:RFIL) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

RF Industries, Ltd. (NASDAQ:RFIL) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.56 and traded as high as $4.25. RF Industries shares last traded at $4.25, with a volume of 48,424 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on RFIL. B. Riley boosted their price target on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. StockNews.com initiated coverage on shares of RF Industries in a report on Friday. They issued a “hold” rating for the company.

RF Industries Stock Up 3.2 %

The firm has a market cap of $44.61 million, a price-to-earnings ratio of -5.45 and a beta of 0.99. The stock’s 50 day moving average is $3.84 and its 200 day moving average is $3.56.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. Analysts anticipate that RF Industries, Ltd. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 8,815 shares of the stock in a transaction dated Friday, October 4th. The shares were bought at an average price of $4.07 per share, with a total value of $35,877.05. Following the purchase, the director now directly owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders acquired 29,844 shares of company stock valued at $119,361. 12.20% of the stock is owned by insiders.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP lifted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities & Exchange Commission. 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.