RF Industries (NASDAQ:RFIL) Stock Price Passes Above 200-Day Moving Average of $3.36

Shares of RF Industries, Ltd. (NASDAQ:RFIL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.36 and traded as high as $3.76. RF Industries shares last traded at $3.69, with a volume of 7,393 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of RF Industries in a research report on Friday. They set a “hold” rating on the stock.

RF Industries Price Performance

The firm has a market capitalization of $39.57 million, a PE ratio of -4.83 and a beta of 1.00. The business has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.37.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.28 million. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP boosted its holdings in shares of 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 & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.