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

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

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

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $4.12 on Thursday. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65. The firm has a market capitalization of $43.24 million, a P/E ratio of -5.28 and a beta of 0.99. The stock has a 50 day moving average price of $3.80 and a 200-day moving average price of $3.54.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. The company had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. On average, equities analysts forecast that RF Industries will post -0.08 EPS for the current fiscal year.

Insider Activity at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of RF Industries stock in a transaction on Friday, October 4th. The stock was acquired at an average price of $4.07 per share, with a total value of $35,877.05. Following the acquisition, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 29,844 shares of company stock valued at $119,361 in the last 90 days. Corporate insiders own 12.20% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.