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

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

RF Industries Stock Up 0.8 %

RF Industries stock opened at $3.93 on Monday. The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.18. The stock has a market cap of $41.44 million, a P/E ratio of -6.24 and a beta of 1.09. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. Equities analysts anticipate that RF Industries will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,733 shares of the electronics maker’s stock after purchasing an additional 2,062 shares during the period. Dimensional Fund Advisors LP owned approximately 2.20% of RF Industries worth $906,000 at the end of the most recent quarter. 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.