RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFILGet Rating) in a report released on Monday. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Trading Up 0.8 %

RFIL opened at $5.08 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.64 and a current ratio of 2.77. The business’s 50 day moving average price is $5.47 and its 200 day moving average price is $6.17. RF Industries has a one year low of $5.02 and a one year high of $8.71. The stock has a market capitalization of $51.61 million, a PE ratio of 28.22 and a beta of 1.09.

RF Industries (NASDAQ:RFILGet Rating) last released its quarterly earnings results on Wednesday, September 14th. The electronics maker reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. RF Industries had a return on equity of 8.81% and a net margin of 2.17%. The company had revenue of $23.84 million for the quarter, compared to analysts’ expectations of $21.86 million. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, equities research analysts expect that RF Industries will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,496 shares in the last quarter. Worth Venture Partners LLC raised its stake in shares of RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 12,000 shares in the last quarter. AIGH Capital Management LLC raised its stake in shares of RF Industries by 3.4% in the first quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock valued at $3,692,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of RF Industries by 33.9% in the third quarter. Essex Investment Management Co. LLC now owns 81,018 shares of the electronics maker’s stock valued at $466,000 after acquiring an additional 20,508 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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