RF Industries (NASDAQ:RFIL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

RF Industries, Ltd. (NASDAQ:RFIL) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.86 and traded as low as $3.62. RF Industries shares last traded at $3.69, with a volume of 6,522 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com began coverage on shares of RF Industries in a research report on Friday. They set a “hold” rating for the company. B. Riley upped their target price on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Stock Performance

The company has a market cap of $38.40 million, a P/E ratio of -5.30 and a beta of 0.99. The business has a fifty day simple moving average of $4.08 and a 200 day simple moving average of $3.86.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth purchased 8,815 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were bought at an average price of $4.07 per share, with a total value of $35,877.05. Following the completion of the acquisition, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. This represents a 11.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders purchased 29,844 shares of company stock valued at $119,361. 15.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to the company in 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.