RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Performance

RFIL stock opened at $5.54 on Thursday. RF Industries has a 52 week low of $2.86 and a 52 week high of $5.67. The firm’s fifty day moving average is $4.15 and its 200 day moving average is $3.99. The firm has a market cap of $58.39 million, a P/E ratio of -8.79 and a beta of 1.01.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. As a group, analysts forecast that RF Industries will post 0.11 EPS for the current year.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Geode Capital Management LLC boosted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 23.49% of the stock is owned by institutional investors and hedge funds.

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.