RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Down 9.0 %

NASDAQ RFIL opened at $4.15 on Tuesday. The firm has a 50-day moving average price of $4.00 and a two-hundred day moving average price of $3.95. RF Industries has a 12-month low of $2.84 and a 12-month high of $4.65. The company has a market capitalization of $43.53 million, a P/E ratio of -6.01 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. Equities analysts expect that RF Industries will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC raised its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 23.49% of the stock is owned by institutional investors.

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.