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

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

RF Industries Stock Down 2.2 %

Shares of RFIL stock opened at $4.42 on Wednesday. The stock has a 50-day simple moving average of $4.05 and a 200 day simple moving average of $3.96. The stock has a market capitalization of $46.59 million, a P/E ratio of -7.02 and a beta of 0.99. RF Industries has a fifty-two week low of $2.86 and a fifty-two week high of $4.65.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, sell-side analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC raised its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 23.49% of the stock is currently owned by hedge funds and other 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.