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

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

RF Industries Trading Down 1.2 %

Shares of NASDAQ RFIL opened at $4.08 on Tuesday. The company has a market cap of $42.80 million, a price-to-earnings ratio of -6.48 and a beta of 0.99. RF Industries has a 12 month low of $2.84 and a 12 month high of $4.65. The stock has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $3.95.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.03%. On average, sell-side analysts predict that RF Industries will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the SEC. 23.49% of the stock is 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.