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

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

RF Industries Stock Performance

Shares of NASDAQ RFIL opened at $4.89 on Wednesday. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The firm has a market cap of $52.18 million, a P/E ratio of -7.76 and a beta of 1.09. The stock has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $4.23.

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

Institutional Trading of RF Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthedge Investment Advisors LLC bought a new stake in RF Industries during the fourth quarter worth approximately $84,000. Geode Capital Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of RF Industries by 0.9% in 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 last quarter. 23.49% of the stock is currently owned by institutional investors.

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.