RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Down 11.6 %

RFIL opened at $3.80 on Friday. RF Industries has a 52 week low of $2.51 and a 52 week high of $4.65. The business has a 50 day moving average price of $3.85 and a two-hundred day moving average price of $3.41. The company has a market cap of $39.88 million, a PE ratio of -4.87 and a beta of 0.99.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.49% of the company’s stock.

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.