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

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

RF Industries Stock Performance

Shares of NASDAQ RFIL opened at $4.84 on Friday. The firm has a market capitalization of $51.03 million, a price-to-earnings ratio of -7.68 and a beta of 1.01. The stock has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.13. RF Industries has a 52-week low of $2.86 and a 52-week high of $5.77.

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

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC raised its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 23.49% of the stock is owned by institutional investors.

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.