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

Stock analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILGet Free Report) in a report issued on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley lifted 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.

Get Our Latest Research Report on RFIL

RF Industries Trading Up 6.8 %

Shares of NASDAQ:RFIL opened at $4.08 on Friday. The stock has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $3.91. RF Industries has a 12-month low of $2.84 and a 12-month high of $4.65. The stock has a market capitalization of $42.81 million, a price-to-earnings ratio of -5.91 and a beta of 0.99.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth purchased 7,009 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the purchase, the director now directly owns 91,953 shares of the company’s stock, valued at $367,812. This trade represents a 8.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors 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:RFILFree Report) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring 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. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Company Profile

(Get Free Report)

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.

Further Reading

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