RF Industries (NASDAQ:RFIL) Stock Rating Upgraded by Wall Street Zen

RF Industries (NASDAQ:RFIL) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently issued reports on RFIL. Weiss Ratings raised RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 25th. B. Riley Financial decreased their price objective on shares of RF Industries from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, September 15th. Lake Street Capital decreased their price objective on shares of RF Industries from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, September 15th. Finally, Zacks Research lowered shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RF Industries has an average rating of “Moderate Buy” and a consensus price target of $14.50.

RF Industries Price Performance

RFIL opened at $8.31 on Friday. RF Industries has a 12-month low of $5.54 and a 12-month high of $22.30. The stock has a market cap of $90.16 million, a price-to-earnings ratio of 37.77 and a beta of 1.34. The business has a 50 day moving average of $10.26 and a 200-day moving average of $13.64.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Monday, September 14th. The electronics maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $23.96 million for the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a return on equity of 15.32% and a net margin of 2.83%. As a group, analysts expect that RF Industries will post 0.50 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP raised its stake in RF Industries by 28.4% in the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock valued at $451,000 after purchasing an additional 4,697 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in RF Industries during the second quarter worth about $397,000. Bank of America Corp DE grew its stake in RF Industries by 519.3% during the first quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker’s stock worth $213,000 after buying an additional 17,302 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in RF Industries during the first quarter worth about $131,000. Finally, Sei Investments Co. increased its holdings in RF Industries by 257.2% in the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker’s stock valued at $866,000 after buying an additional 60,503 shares during the period. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries Ltd. (NASDAQ: RFIL) designs, manufactures and distributes products used to build and maintain wireless communications and other electronic infrastructure. The company serves wireless carriers, original equipment manufacturers, system integrators, distributors and government customers, with applications spanning cellular communications, public safety, data communications and private wireless networks.

Its product portfolio includes radio-frequency connectors, coaxial cable assemblies, antennas, combiners, filters, power distribution equipment and other passive RF components.