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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report released on Tuesday morning. The brokerage 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 report on Tuesday, September 17th.

RF Industries Price Performance

Shares of NASDAQ:RFIL opened at $4.16 on Tuesday. The stock’s 50-day moving average is $4.01 and its 200 day moving average is $3.75. The company has a market cap of $43.65 million, a PE ratio of -6.03 and a beta of 0.99. RF Industries has a 1 year low of $2.58 and a 1 year high of $4.65.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. Analysts expect that RF Industries will post -0.08 EPS for the current fiscal year.

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,800 shares of RF Industries stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average cost of $3.97 per share, with a total value of $34,936.00. Following the transaction, the director now directly owns 76,029 shares of the company’s stock, valued at $301,835.13. This represents a 13.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 29,844 shares of company stock valued at $119,361. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.