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

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

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

RF Industries Price Performance

Shares of RFIL stock opened at $3.83 on Friday. The stock’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $3.89. RF Industries has a one year low of $2.80 and a one year high of $4.65. The firm has a market cap of $40.19 million, a price-to-earnings ratio of -5.55 and a beta of 0.99.

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the stock in a transaction dated Friday, October 4th. The stock was bought at an average cost of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the purchase, the director now owns 84,944 shares in the company, valued at $345,722.08. This represents a 11.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 29,624 shares of company stock valued at $118,549. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 owned by institutional investors and hedge funds.

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.