RF Industries (NASDAQ:RFIL) Given New $11.25 Price Target at B. Riley Financial

RF Industries (NASDAQ:RFILGet Free Report) had its target price hoisted by research analysts at B. Riley Financial from $10.25 to $11.25 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the electronics maker’s stock. B. Riley Financial’s target price would suggest a potential downside of 10.14% from the company’s current price.

A number of other equities research analysts have also recently commented on RFIL. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings upgraded shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

View Our Latest Stock Analysis on RFIL

RF Industries Trading Up 7.1%

Shares of NASDAQ RFIL traded up $0.83 during trading on Tuesday, reaching $12.52. 800,812 shares of the company traded hands, compared to its average volume of 271,373. The stock has a market cap of $134.13 million, a P/E ratio of 624.26 and a beta of 0.99. The firm’s fifty day simple moving average is $10.15 and its 200 day simple moving average is $8.14. RF Industries has a 12-month low of $3.39 and a 12-month high of $13.09.

RF Industries (NASDAQ:RFILGet Free Report) last issued its earnings results on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $18.97 million for the quarter, compared to the consensus estimate of $18.72 million. RF Industries had a return on equity of 10.08% and a net margin of 0.09%. As a group, research analysts expect that RF Industries will post 0.11 EPS for the current year.

Institutional Trading of RF Industries

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of RF Industries in the 3rd quarter worth $44,000. Heron Bay Capital Management purchased a new position in RF Industries during the second quarter worth about $67,000. PFG Investments LLC purchased a new position in RF Industries during the fourth quarter worth about $64,000. Goldman Sachs Group Inc. acquired a new stake in RF Industries in the first quarter valued at about $56,000. Finally, Bailard Inc. purchased a new stake in RF Industries in the 3rd quarter valued at approximately $129,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries News Summary

Here are the key news stories impacting RF Industries this week:

RF Industries Company Profile

(Get Free Report)

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.

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