StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

RF Industries Stock Up 1.5 %

RFIL opened at $3.94 on Monday. RF Industries has a 52-week low of $2.84 and a 52-week high of $4.65. The company has a 50 day moving average of $4.00 and a two-hundred day moving average of $3.94. The company has a market cap of $41.34 million, a P/E ratio of -5.71 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. Institutional investors 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.