P&F Industries (NASDAQ:PFIN) Stock Price Passes Above Two Hundred Day Moving Average of $7.67

P&F Industries, Inc. (NASDAQ:PFIN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.67 and traded as high as $12.90. P&F Industries shares last traded at $12.90, with a volume of 11,470 shares.

P&F Industries Trading Up 0.1 %

The firm’s 50 day moving average is $9.84 and its two-hundred day moving average is $7.69. The firm has a market cap of $41.14 million, a P/E ratio of 99.19 and a beta of 0.37.

P&F Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Tuesday, November 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 20th. P&F Industries’s payout ratio is presently 153.85%.

Institutional Trading of P&F Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL bought a new stake in P&F Industries during the 1st quarter worth about $66,000. Perritt Capital Management Inc. raised its holdings in P&F Industries by 26.1% during the second quarter. Perritt Capital Management Inc. now owns 25,000 shares of the company’s stock worth $156,000 after acquiring an additional 5,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in P&F Industries by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 52,766 shares of the company’s stock worth $281,000 after acquiring an additional 1,882 shares in the last quarter. Institutional investors and hedge funds own 4.88% of the company’s stock.

P&F Industries Company Profile

P&F Industries, Inc, through its subsidiaries, designs, imports, manufactures, and sells pneumatic hand tools primarily to the retail, industrial, automotive, and aerospace markets primarily in the United States. The company provides sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, Jiffy Air Tool, AIRCAT, and NITROCAT names, as well as under private label trade names through in-house sales personnel and manufacturers' representatives to retailers, distributors, manufacturers, and private label customers.