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

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

RF Industries Stock Down 5.9 %

Shares of RF Industries stock opened at $4.59 on Wednesday. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77. The business has a 50-day moving average price of $4.69 and a 200-day moving average price of $4.23. The firm has a market cap of $48.98 million, a price-to-earnings ratio of -7.29 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, equities analysts expect that RF Industries will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On RF Industries

A number of hedge funds have recently bought and sold shares of RFIL. Wealthedge Investment Advisors LLC bought a new stake in shares of RF Industries in the 4th quarter worth about $84,000. Geode Capital Management LLC grew its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after acquiring an additional 9,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after acquiring an additional 2,062 shares during the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.