RF Industries (NASDAQ:RFIL) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley dropped their target price on shares of RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th.

RF Industries Trading Down 0.3 %

Shares of NASDAQ:RFIL opened at $3.06 on Monday. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $3.16 and its two-hundred day moving average is $2.96. The company has a market cap of $32.13 million, a PE ratio of -9.87 and a beta of 0.94. RF Industries has a 52 week low of $2.51 and a 52 week high of $5.08.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position 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 grew its position 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 purchasing an additional 12,000 shares during the last quarter. Vanguard Group Inc. grew its position in RF Industries by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock worth $1,128,000 after purchasing an additional 15,174 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in RF Industries by 70.3% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock worth $4,478,000 after purchasing an additional 420,000 shares during the last quarter. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.