RF Industries (NASDAQ:RFIL) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a report issued on Monday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley increased their price target on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

RF Industries Price Performance

Shares of RFIL stock opened at $4.11 on Monday. RF Industries has a 12-month low of $2.84 and a 12-month high of $4.65. The firm has a market capitalization of $43.13 million, a price-to-earnings ratio of -5.96 and a beta of 0.99. The business has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $3.94.

Institutional Trading of RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC increased its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the period. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. 23.49% of the stock is currently owned by institutional investors.

RF Industries Company Profile

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.