RF Industries, Ltd. (NASDAQ:RFIL – Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 30.0% from the March 31st total of 1,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 0.2 days.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on RFIL shares. StockNews.com started coverage on RF Industries in a research note on Wednesday. They issued a “hold” rating on the stock. B. Riley reduced their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.
View Our Latest Stock Report on RFIL
RF Industries Stock Down 2.3 %
RF Industries (NASDAQ:RFIL – Get Free Report) last released its earnings results on Monday, March 18th. The electronics maker reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $14.49 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, equities analysts forecast that RF Industries will post -0.12 earnings per share for the current fiscal year.
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.
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