StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL - Free Report) in a report issued on Wednesday. The brokerage issued a hold rating on the electronics maker's stock.
RF Industries Trading Down 7.2 %
NASDAQ RFIL traded down $0.35 during trading on Wednesday, reaching $4.54. The company's stock had a trading volume of 27,045 shares, compared to its average volume of 21,380. The stock has a market capitalization of $48.44 million, a PE ratio of -7.21 and a beta of 1.09. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77. The business has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.24.
RF Industries (NASDAQ:RFIL - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts expect that RF Industries will post 0.11 earnings per share for the current year.
Institutional Investors Weigh In On RF Industries
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock valued at $906,000 after purchasing an additional 2,062 shares during the period. Geode Capital Management LLC grew 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 during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in RF Industries in the 4th quarter worth $84,000. Institutional investors own 23.49% of the company's stock.
About RF Industries
(
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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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