RF Industries (NASDAQ:RFIL) Stock Passes Above 200 Day Moving Average of $2.98

RF Industries, Ltd. (NASDAQ:RFIL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.98 and traded as high as $3.03. RF Industries shares last traded at $2.99, with a volume of 7,587 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on RFIL shares. StockNews.com started coverage on RF Industries in a research note on Wednesday. They set a “hold” rating for the company. B. Riley dropped their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 20th.

RF Industries Stock Performance

The firm has a market capitalization of $31.40 million, a price-to-earnings ratio of -9.64 and a beta of 0.94. The company has a fifty day moving average of $3.14 and a two-hundred day moving average of $2.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 2.91.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. During the same period last year, the firm posted ($0.02) EPS. As a group, equities research analysts predict that RF Industries, Ltd. will post -0.12 earnings per share for the current fiscal year.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.