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

Research analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Thursday. The firm set 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 stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Price Performance

NASDAQ:RFIL opened at $4.05 on Thursday. The company has a market cap of $42.48 million, a price-to-earnings ratio of -5.74 and a beta of 0.99. RF Industries has a 1 year low of $2.61 and a 1 year high of $4.65. The stock’s 50 day simple moving average is $4.11 and its two-hundred day simple moving average is $3.84.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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%. As a group, analysts anticipate that RF Industries will post -0.08 EPS for the current year.

Insider Activity

In other news, Director Mark Keith Holdsworth acquired 8,815 shares of the business’s stock in a transaction on Friday, October 4th. The shares were acquired at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the transaction, the director now directly owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. The trade was a 11.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 29,844 shares of company stock valued at $119,361 in the last ninety days. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 23.49% of the stock is currently owned by 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.