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

Analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a note issued to investors on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley cut their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 20th.

RF Industries Stock Down 0.7 %

NASDAQ RFIL opened at $3.03 on Tuesday. The stock’s 50-day moving average price is $3.15 and its 200-day moving average price is $2.97. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. RF Industries has a 52 week low of $2.51 and a 52 week high of $5.08. The company has a market capitalization of $31.82 million, a P/E ratio of -9.77 and a beta of 0.94.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. During the same quarter last year, the business posted ($0.02) earnings per share. On average, equities research analysts predict that RF Industries will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

A number of institutional investors and hedge funds have recently modified their holdings of RFIL. Punch & Associates Investment Management Inc. raised its position in RF Industries by 70.3% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after purchasing an additional 420,000 shares in the last quarter. Vanguard Group Inc. grew its stake in RF Industries by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock worth $1,128,000 after buying an additional 15,174 shares during the last quarter. Worth Venture Partners LLC grew its stake in RF Industries by 10.3% during the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after buying an additional 12,000 shares during the last quarter. Finally, State Street Corp grew its stake in RF Industries by 9.3% during the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after buying an additional 2,496 shares during the last quarter. 23.49% of the stock is owned by 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.