P & F Industries (NASDAQ:PFIN) Stock Price Crosses Below 200-Day Moving Average of $7.38

P & F Industries, Inc. (NASDAQ:PFIN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.38 and traded as low as $6.43. P & F Industries shares last traded at $6.43, with a volume of 985 shares traded.

The firm has a 50-day moving average price of $6.63 and a 200 day moving average price of $7.38. The firm has a market capitalization of $21.04 million, a PE ratio of 3.87 and a beta of 0.16. The company has a quick ratio of 1.23, a current ratio of 3.65 and a debt-to-equity ratio of 0.03.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 3.15%.

An institutional investor recently raised its position in P & F Industries stock. James Investment Research Inc. lifted its stake in P & F Industries, Inc. (NASDAQ:PFIN) by 31.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,300 shares of the company’s stock after purchasing an additional 1,500 shares during the period. James Investment Research Inc. owned about 0.20% of P & F Industries worth $52,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.55% of the company’s stock.

P & F Industries Company Profile (NASDAQ:PFIN)

P&F Industries, Inc, through its subsidiaries, manufactures, imports, and sells air-powered tools and accessories primarily to the retail, industrial, and automotive markets in the United States and internationally. The company designs, imports, and sells pneumatic hand tools, including sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, AIRCAT, and NITROCAT names through in-house sales personnel and manufacturers' representatives to retailers, distributors, and private label customers.

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