RF Industries (NASDAQ:RFIL) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research note released on Friday morning. The brokerage issued a buy rating on the electronics maker’s stock.

RF Industries Stock Down 0.2 %

NASDAQ:RFIL opened at $3.99 on Friday. The firm has a market cap of $42.57 million, a PE ratio of -6.33 and a beta of 0.83. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.28.

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

Insider Buying and Selling

In related news, Director Mark Keith Holdsworth purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $4.72 per share, with a total value of $70,800.00. Following the completion of the acquisition, the director now directly owns 106,953 shares in the company, valued at approximately $504,818.16. This trade represents a 16.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of 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. Geode Capital Management LLC boosted its holdings 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 valued at $342,000 after acquiring an additional 9,863 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in RF Industries in the fourth quarter worth about $84,000. Institutional investors and hedge funds 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.