RF Industries (NASDAQ:RFIL) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILFree Report) in a report issued on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley cut their target price on RF Industries from $4.25 to $4.00 and set a buy rating on the stock in a research note on Wednesday, March 20th.

View Our Latest Analysis on RFIL

RF Industries Trading Down 1.0 %

Shares of RFIL opened at $3.10 on Friday. RF Industries has a 12-month low of $2.51 and a 12-month high of $5.08. The stock’s fifty day simple moving average is $3.16 and its 200-day simple moving average is $2.96. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $32.55 million, a PE ratio of -10.00 and a beta of 0.95.

RF Industries (NASDAQ:RFILGet Free Report) last released its earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million for the quarter, compared to analyst estimates of $14.49 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, research analysts predict that RF Industries will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

Several large investors have recently modified their holdings of RFIL. State Street Corp lifted its holdings in RF Industries by 9.3% during the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,496 shares during the last quarter. Worth Venture Partners LLC increased its stake in RF Industries by 10.3% during the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after acquiring an additional 12,000 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of RF Industries by 70.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after purchasing an additional 420,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of RF Industries by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after purchasing an additional 15,174 shares during the last quarter. 23.49% of the stock is currently owned by institutional investors.

RF Industries Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for RF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Industries and related companies with MarketBeat.com's FREE daily email newsletter.