StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL - Free Report) in a report released on Friday morning. The firm issued a hold rating on the electronics maker's stock.
RF Industries Price Performance
Shares of RFIL stock traded up $0.19 during trading on Friday, reaching $5.45. The company's stock had a trading volume of 18,948 shares, compared to its average volume of 59,194. The company has a market capitalization of $57.49 million, a price-to-earnings ratio of -8.66 and a beta of 1.01. The stock's 50-day moving average price is $4.35 and its 200 day moving average price is $4.07. 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 announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that RF Industries will post 0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC raised its position in RF Industries, Ltd. (NASDAQ:RFIL - Free Report) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,846 shares of the electronics maker's stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of RF Industries worth $342,000 as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors.
RF Industries Company Profile
(
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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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