RF Industries (NASDAQ:RFIL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report released on Tuesday morning. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley dropped their price target on RF Industries from $4.25 to $4.00 and set a buy rating for the company in a report on Wednesday, March 20th.

RF Industries Price Performance

Shares of RFIL stock opened at $3.05 on Tuesday. The stock has a 50 day moving average of $3.15 and a two-hundred day moving average of $2.97. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. RF Industries has a 12 month low of $2.51 and a 12 month high of $5.08. The company has a market capitalization of $32.03 million, a P/E ratio of -9.84 and a beta of 0.94.

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

Institutional Investors Weigh In On RF Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of RFIL. State Street Corp increased its stake 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 buying an additional 2,496 shares during the period. Worth Venture Partners LLC increased its stake 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 buying an additional 12,000 shares during the period. 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 buying an additional 15,174 shares during the period. Finally, 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 buying an additional 420,000 shares during the period. 23.49% of the stock is owned by institutional investors and hedge funds.

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.