RF Industries (NASDAQ:RFIL) Now Covered by StockNews.com

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

RF Industries Stock Performance

RFIL opened at $4.30 on Friday. RF Industries has a 1 year low of $2.51 and a 1 year high of $4.65. The firm has a 50 day moving average price of $3.86 and a 200 day moving average price of $3.41. The company has a market cap of $45.13 million, a PE ratio of -5.51 and a beta of 0.99.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.