RF Industries (NASDAQ:RFIL) Releases Earnings Results, Misses Expectations By $0.01 EPS

RF Industries (NASDAQ:RFILGet 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

An institutional investor recently raised its position in RF Industries stock. Worth Venture Partners LLC increased its holdings in RF Industries, Ltd. (NASDAQ:RFILGet Rating) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,684 shares of the electronics maker’s stock after acquiring an additional 12,000 shares during the period. Worth Venture Partners LLC owned about 1.27% of RF Industries worth $928,000 at the end of the most recent quarter. 36.24% of the stock is currently owned by institutional investors.

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

(Get Rating)

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.

See Also

Earnings History for RF Industries (NASDAQ:RFIL)

Receive News & Ratings for RF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Industries and related companies with MarketBeat.com's FREE daily email newsletter.