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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report report published on Monday morning. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley raised their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Trading Up 2.8 %

Shares of RF Industries stock opened at $4.07 on Monday. The stock has a market cap of $42.69 million, a price-to-earnings ratio of -5.74 and a beta of 0.99. The company has a fifty day simple moving average of $3.99 and a 200-day simple moving average of $3.71. RF Industries has a 12-month low of $2.56 and a 12-month high of $4.65.

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

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth bought 8,800 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the acquisition, the director now owns 76,029 shares of the company’s stock, valued at $301,835.13. The trade was a 13.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 29,844 shares of company stock worth $119,361 in the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RF Industries

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