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

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

RF Industries Trading Down 2.1 %

RFIL opened at $5.14 on Monday. The stock’s fifty day moving average is $5.61 and its two-hundred day moving average is $6.21. The company has a market capitalization of $52.20 million, a P/E ratio of 28.56 and a beta of 1.09. RF Industries has a 52 week low of $5.05 and a 52 week high of $8.71. The company has a quick ratio of 1.64, a current ratio of 2.77 and a debt-to-equity ratio of 0.33.

RF Industries (NASDAQ:RFILGet Rating) last released its quarterly earnings data on Wednesday, September 14th. The electronics maker reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $23.84 million for the quarter, compared to the consensus estimate of $21.86 million. RF Industries had a return on equity of 8.81% and a net margin of 2.17%. During the same period last year, the business posted $0.09 EPS. Analysts forecast that RF Industries will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of RF Industries by 9.3% in the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,496 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of RF Industries by 33.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 81,018 shares of the electronics maker’s stock valued at $466,000 after acquiring an additional 20,508 shares during the period. Worth Venture Partners LLC increased its holdings in shares of RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 12,000 shares during the period. Finally, AIGH Capital Management LLC increased its holdings in shares of RF Industries by 3.4% in the 1st quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock valued at $3,692,000 after acquiring an additional 17,000 shares during the period. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

About RF Industries

(Get Rating)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.

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