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

Research analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley lifted their target price on 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 Down 1.2 %

Shares of NASDAQ RFIL opened at $4.11 on Tuesday. The firm has a market cap of $43.11 million, a PE ratio of -5.96 and a beta of 0.99. The company’s fifty day simple moving average is $4.02 and its 200 day simple moving average is $3.75. RF Industries has a 12-month low of $2.58 and a 12-month high of $4.65.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $16.84 million during the quarter, compared to the consensus estimate of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. On average, equities analysts predict that RF Industries will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mark Keith Holdsworth acquired 8,815 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the purchase, the director now owns 84,944 shares in the company, valued at approximately $345,722.08. This trade represents a 11.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 29,844 shares of company stock worth $119,361. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC increased its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned about 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.