#2 - RF Industries (NASDAQ:RFIL)
RF Industries (NASDAQ:RFIL) is another penny stock that’s been taking it on the chin lately. The company designs and manufactures a range of products including RF connectors, coaxial cables, fiber optic cables, energy-efficient cooling systems, and integrated small cell enclosures.
It may not sound like an exciting business. However, the company does business in sectors such as aerospace/defense, data centers, transportation and utilities, public safety, and the oil & gas industry.
Just the data center component alone is worth your attention. The demand for more, and larger, data centers is only expected to increase. And the company will have a role to play as our nation continues to build out its 5G infrastructure. RF Industries has contracts with most of the major carriers.
RIFL stock is making its third attempt to reclaim its 52-week high. If it’s successful, this is one stock that may not be a penny stock for much longer.
About RF Industries
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.
Read More - Current Price
- $4.07
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $4.50 (10.6% Upside)
