RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Sunday morning. The brokerage issued a hold rating on the electronics maker’s stock.

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

RF Industries Stock Performance

NASDAQ RFIL opened at $3.87 on Friday. RF Industries has a 52 week low of $2.84 and a 52 week high of $4.65. The stock has a market capitalization of $40.61 million, a P/E ratio of -5.61 and a beta of 0.99. The stock has a fifty day moving average of $4.02 and a 200-day moving average of $3.92.

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth acquired 7,009 shares of RF Industries stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $4.00 per share, with a total value of $28,036.00. Following the purchase, the director now directly owns 91,953 shares of the company’s stock, valued at $367,812. The trade was a 8.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors own 23.49% of the company’s 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.