RF Industries (NASDAQ:RFIL – Get Rating) released its earnings results on Wednesday. The electronics maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01), Fidelity Earnings reports. RF Industries had a net margin of 2.17% and a return on equity of 8.90%. During the same quarter last year, the firm earned $0.09 EPS. RF Industries updated its FY 2022 guidance to EPS.
RF Industries Price Performance
RF Industries stock traded down $0.51 during midday trading on Friday, reaching $6.44. The company’s stock had a trading volume of 39,387 shares, compared to its average volume of 7,800. RF Industries has a 52 week low of $5.48 and a 52 week high of $8.71. The company has a current ratio of 2.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $6.84 and a 200-day moving average price of $6.66. The stock has a market cap of $65.43 million, a PE ratio of 35.78 and a beta of 1.13.
Insider Buying and Selling at RF Industries
In other news, Director Mark Keith Holdsworth purchased 9,854 shares of RF Industries stock in a transaction dated Thursday, June 30th. The shares were bought at an average cost of $6.20 per share, for a total transaction of $61,094.80. Following the completion of the acquisition, the director now owns 521,322 shares in the company, valued at approximately $3,232,196.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.20% of the company’s stock.
Hedge Funds Weigh In On RF Industries
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of RF Industries in a research report on Saturday, September 10th. They set a “hold” rating 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 operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.
- Get a free copy of the StockNews.com research report on RF Industries (RFIL)
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