RF Industries (NASDAQ:RFIL – Get Free Report) released its earnings results on Thursday. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02), Zacks reports. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%.
RF Industries Stock Performance
Shares of NASDAQ:RFIL traded up $0.45 during midday trading on Thursday, hitting $4.56. 123,828 shares of the stock were exchanged, compared to its average volume of 14,521. The business’s fifty day simple moving average is $4.00 and its two-hundred day simple moving average is $3.94. RF Industries has a 52-week low of $2.84 and a 52-week high of $4.65. The company has a market capitalization of $47.83 million, a PE ratio of -6.61 and a beta of 0.99.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of RF Industries in a research report on Monday. They set a “hold” rating on the stock.
About RF Industries
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.
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