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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley upped their price target on RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Performance

Shares of NASDAQ RFIL opened at $4.11 on Tuesday. RF Industries has a 1 year low of $2.58 and a 1 year high of $4.65. The firm has a market cap of $43.11 million, a P/E ratio of -5.96 and a beta of 0.99. The stock has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $3.75.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $16.84 million for the quarter, compared to the consensus estimate 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 predict that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 8,815 shares of RF Industries stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of $4.07 per share, with a total value of $35,877.05. Following the purchase, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. The trade was a 11.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 29,844 shares of company stock valued at $119,361 over the last ninety days. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC lifted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities and Exchange Commission. 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.