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

Research analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley lifted their price target on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.

RF Industries Price Performance

RF Industries stock opened at $3.56 on Monday. RF Industries has a 1 year low of $2.51 and a 1 year high of $4.65. The firm’s 50 day moving average price is $3.79 and its 200-day moving average price is $3.43. The stock has a market cap of $37.37 million, a P/E ratio of -4.56 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 increased its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund 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 approximately 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 23.49% of the stock is owned by institutional investors.

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.