RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

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

RF Industries Trading Up 8.8 %

RFIL stock opened at $4.44 on Tuesday. The firm has a 50-day moving average of $4.01 and a two-hundred day moving average of $3.96. RF Industries has a 12 month low of $2.84 and a 12 month high of $4.65. The company has a market cap of $46.58 million, a price-to-earnings ratio of -7.05 and a beta of 0.99.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.03%. As a group, equities analysts forecast that RF Industries will post 0.11 earnings per share for the current year.

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 shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. 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 (SEC). Hedge funds and other 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.