RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) Director Mark Keith Holdsworth bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $4.72 per share, with a total value of $70,800.00. Following the completion of the transaction, the director now directly owns 106,953 shares of the company's stock, valued at $504,818.16. This trade represents a 16.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
RF Industries Stock Down 10.5 %
Shares of NASDAQ RFIL traded down $0.49 during midday trading on Friday, reaching $4.16. 42,806 shares of the stock were exchanged, compared to its average volume of 21,745. The firm has a market cap of $44.39 million, a price-to-earnings ratio of -6.60 and a beta of 1.09. The firm has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $4.27. RF Industries, Ltd. has a twelve month low of $2.86 and a twelve month high of $5.77.
RF Industries (NASDAQ:RFIL - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. Research analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com started coverage on RF Industries in a report on Thursday. They issued a "hold" rating for the company.
View Our Latest Research Report on RFIL
Institutional Trading of RF Industries
Several institutional investors have recently modified their holdings of RFIL. Geode Capital Management LLC lifted its stake in RF Industries by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker's stock valued at $342,000 after buying an additional 9,863 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock valued at $906,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new position in shares of RF Industries in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 23.49% of the company's stock.
About RF Industries
(
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.
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