RF Industries (NASDAQ:RFIL) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

RF Industries, Ltd. (NASDAQ:RFIL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.96 and traded as high as $4.59. RF Industries shares last traded at $4.52, with a volume of 33,131 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of RF Industries in a report on Wednesday. They issued a “hold” rating on the stock.

RF Industries Price Performance

The company has a market capitalization of $47.66 million, a price-to-earnings ratio of -7.17 and a beta of 0.99. The stock’s fifty day simple moving average is $4.03 and its two-hundred day simple moving average is $3.96.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. On average, sell-side analysts predict that RF Industries, Ltd. will post 0.11 EPS for the current year.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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.