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

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

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

RF Industries Stock Performance

Shares of NASDAQ RFIL opened at $3.94 on Friday. RF Industries has a 52-week low of $2.55 and a 52-week high of $4.65. The company’s 50 day moving average price is $3.97 and its 200-day moving average price is $3.67.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. The firm had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. On average, analysts predict that RF Industries will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Keith Holdsworth acquired 8,815 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the acquisition, the director now owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 29,844 shares of company stock worth $119,361. 15.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Company Profile

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.