StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

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

Separately, B. Riley boosted their price target on shares of 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 Price Performance

Shares of RF Industries stock opened at $4.15 on Monday. RF Industries has a 1-year low of $2.56 and a 1-year high of $4.65. The company has a market capitalization of $43.55 million, a P/E ratio of -6.01 and a beta of 0.99. The business’s fifty day moving average price is $4.00 and its two-hundred day moving average price is $3.71.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. On average, research analysts expect that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Keith Holdsworth purchased 7,009 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $4.00 per share, with a total value of $28,036.00. Following the purchase, the director now owns 91,953 shares of the company’s stock, valued at $367,812. This trade represents a 8.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 29,844 shares of company stock worth $119,361. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent 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 about 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 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.