RF Industries (NASDAQ:RFIL) Announces Earnings Results

RF Industries (NASDAQ:RFIL) released its earnings results on Sunday. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05, Fidelity Earnings reports. RF Industries had a negative return on equity of 0.42% and a net margin of 10.96%.

RF Industries stock opened at $8.88 on Tuesday. The firm has a market capitalization of $88.94 million, a P/E ratio of 19.73 and a beta of 1.10. RF Industries has a one year low of $4.11 and a one year high of $9.63. The business has a fifty day moving average price of $8.47 and a 200-day moving average price of $7.41.

In other RF Industries news, Director Edward Joseph Benoit sold 8,827 shares of RF Industries stock in a transaction dated Wednesday, June 23rd. The stock was sold at an average price of $8.00, for a total transaction of $70,616.00. Following the completion of the sale, the director now owns 53,567 shares of the company’s stock, valued at $428,536. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark Keith Holdsworth purchased 53,818 shares of the company’s stock in a transaction on Wednesday, June 16th. The shares were purchased at an average cost of $7.38 per share, with a total value of $397,176.84. Following the purchase, the director now owns 5,174 shares of the company’s stock, valued at $38,184.12. The disclosure for this purchase can be found here. 10.20% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded RF Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 30th. B. Riley raised their target price on RF Industries from $6.75 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, June 2nd.

About RF Industries

RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. It operates through the RF Connector and Cable Assembly; and Custom Cabling Manufacturing and Assembly segments. The RF Connector and Cable Assembly segment designs, manufactures, markets and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications, information technology, OEM markets, and other end markets.

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Earnings History for RF Industries (NASDAQ:RFIL)

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