RF Industries, Ltd. (NASDAQ:RFIL) Director Howard F. Hill sold 12,339 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $4.50, for a total value of $55,525.50. Following the transaction, the director now directly owns 239,830 shares in the company, valued at approximately $1,079,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
RF Industries stock opened at $4.49 on Thursday. RF Industries, Ltd. has a 12 month low of $3.31 and a 12 month high of $8.89. The stock’s 50 day moving average is $5.05 and its 200-day moving average is $5.46. The company has a market capitalization of $43.81 million, a price-to-earnings ratio of 26.41 and a beta of 1.07.
RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Thursday, June 11th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $10.39 million during the quarter, compared to analysts’ expectations of $12.92 million. RF Industries had a return on equity of 5.42% and a net margin of 3.09%. Sell-side analysts predict that RF Industries, Ltd. will post -0.01 EPS for the current year.
RFIL has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded RF Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. B. Riley began coverage on RF Industries in a research report on Monday, July 6th. They issued a “buy” rating and a $7.75 target price on the stock.
About RF Industries
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company's RF Connector and Cable Assembly division designs, manufactures, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors.
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