Investment analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL - Get Free Report) in a report released on Thursday. The firm set a "hold" rating on the electronics maker's stock.
RF Industries Trading Down 6.7 %
NASDAQ:RFIL traded down $0.28 during trading hours on Thursday, hitting $3.88. The company had a trading volume of 24,320 shares, compared to its average volume of 21,814. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.77. The company has a market cap of $41.40 million, a P/E ratio of -6.16 and a beta of 0.83. The company has a 50-day moving average of $4.73 and a 200 day moving average of $4.27.
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 (EPS) 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, analysts forecast that RF Industries will post 0.11 earnings per share for the current year.
Insider Activity
In other RF Industries news, Director Mark Keith Holdsworth acquired 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $4.72 per share, with a total value of $70,800.00. Following the transaction, the director now 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.70% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of RFIL. Wealthedge Investment Advisors LLC acquired a new position in shares of RF Industries in the 4th quarter worth approximately $84,000. Geode Capital Management LLC raised its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker's stock valued at $342,000 after purchasing an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock worth $906,000 after purchasing an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors 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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