Stock analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the electronics maker's stock.
RF Industries Price Performance
NASDAQ:RFIL traded down $0.09 during trading hours on Friday, reaching $4.75. 12,603 shares of the company were exchanged, compared to its average volume of 47,817. The company has a market capitalization of $50.08 million, a P/E ratio of -7.54 and a beta of 1.01. The business has a 50 day moving average of $4.49 and a 200 day moving average of $4.14. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77.
RF Industries (NASDAQ:RFIL - Get Free Report) last issued its 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%. As a group, equities research analysts anticipate that RF Industries will post 0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 231,733 shares of the electronics maker's stock after acquiring an additional 2,062 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.20% of RF Industries worth $906,000 as of its most recent SEC filing. 23.49% of the stock is currently owned by institutional investors.
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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