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

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a report published on Thursday. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RF Industries stock opened at $4.16 on Thursday. The firm has a 50-day moving average of $4.74 and a 200-day moving average of $4.27. RF Industries has a 52-week low of $2.86 and a 52-week high of $5.77. The stock has a market cap of $44.39 million, a PE ratio of -6.60 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data 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 net margin of 10.18% and a negative return on equity of 3.06%. Equities research analysts predict that RF Industries will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at RF Industries

In other news, Director Mark Keith Holdsworth bought 15,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $4.72 per share, with a total value of $70,800.00. Following the acquisition, the director now directly owns 106,953 shares in the company, valued at $504,818.16. This represents a 16.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in RF Industries by 13.3% during the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after purchasing an additional 9,863 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 buying an additional 2,062 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of RF Industries during the 4th quarter worth $84,000. Institutional investors and hedge funds 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.