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

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

RF Industries Price Performance

NASDAQ:RFIL opened at $3.64 on Thursday. The firm has a market cap of $38.21 million, a price-to-earnings ratio of -4.67 and a beta of 1.00. The company has a 50 day moving average price of $3.76 and a 200-day moving average price of $3.33. RF Industries has a 1-year low of $2.51 and a 1-year high of $4.65.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. RF Industries had a negative net margin of 13.34% and a negative return on equity of 5.92%. The firm had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $16.28 million.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

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.