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

Equities research analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Friday. The brokerage set a “buy” rating on the electronics maker’s stock.

RF Industries Price Performance

Shares of NASDAQ RFIL opened at $3.99 on Friday. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77. The business has a fifty day moving average price of $4.58 and a 200 day moving average price of $4.27. The stock has a market capitalization of $42.57 million, a P/E ratio of -6.33 and a beta of 0.83.

RF Industries (NASDAQ:RFIL) last posted 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 net margin of 10.18% and a negative return on equity of 3.06%. As a group, equities research analysts anticipate that RF Industries will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 106,953 shares of the company’s stock, valued at $504,818.16. This represents a 16.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in RF Industries by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after buying an additional 9,863 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $906,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of RF Industries in the fourth quarter worth $84,000. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.