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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report released on Wednesday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley cut their target price on RF Industries from $4.25 to $4.00 and set a buy rating on the stock in a research note on Wednesday, March 20th.

RF Industries Stock Performance

RF Industries stock opened at $2.95 on Wednesday. The company has a market cap of $30.96 million, a PE ratio of -9.52 and a beta of 0.94. The company has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $2.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.32. RF Industries has a 12 month low of $2.51 and a 12 month high of $5.08.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $13.46 million for 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 business posted ($0.02) earnings per share. Research analysts expect that RF Industries will post -0.12 earnings per share for the current year.

About RF Industries

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.