StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Tuesday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Up 6.4 %

Shares of NASDAQ:RFIL opened at $4.66 on Tuesday. The firm’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.20. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.77. The stock has a market capitalization of $49.14 million, a PE ratio of -7.40 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS 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%. Analysts expect that RF Industries will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RF Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC bought a new stake in RF Industries during the 4th quarter worth approximately $84,000. Geode Capital Management LLC raised its stake in RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after acquiring an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after acquiring an additional 2,062 shares during the period. Institutional investors own 23.49% of the company’s stock.

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.