RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Saturday. The brokerage issued 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 company a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Stock Performance

Shares of RFIL stock opened at $4.14 on Friday. The stock has a market capitalization of $43.44 million, a price-to-earnings ratio of -6.00 and a beta of 0.99. RF Industries has a one year low of $2.51 and a one year high of $4.65. The company’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $3.63.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The firm had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. As a group, research analysts forecast that RF Industries will post -0.08 EPS for the current year.

Insider Buying and Selling at RF Industries

In related news, Director Mark Keith Holdsworth acquired 8,800 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $3.97 per share, for a total transaction of $34,936.00. Following the purchase, the director now directly owns 76,029 shares in the company, valued at $301,835.13. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 29,844 shares of company stock worth $119,361 over the last ninety days. Company 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 lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 23.49% of the stock is owned by institutional investors and hedge funds.

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.