StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

Research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley boosted their price objective on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $3.96 on Monday. The stock has a market capitalization of $41.54 million, a P/E ratio of -5.74 and a beta of 0.99. The stock’s 50-day moving average price is $3.99 and its 200-day moving average price is $3.70. RF Industries has a 12-month low of $2.56 and a 12-month high of $4.65.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate 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. As a group, research analysts predict that RF Industries will post -0.08 EPS for the current year.

Insiders Place Their Bets

In other RF Industries news, Director Mark Keith Holdsworth bought 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 acquisition, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. This represents a 11.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 29,844 shares of company stock worth $119,361. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 23.49% of the stock is owned by hedge funds and other 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.