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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Tuesday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Trading Up 6.4 %

Shares of NASDAQ RFIL opened at $4.66 on Tuesday. RF Industries has a 12 month low of $2.86 and a 12 month high of $5.77. The firm has a market capitalization of $49.14 million, a PE ratio of -7.40 and a beta of 1.09. The firm has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.20.

RF Industries (NASDAQ:RFIL) last released its 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 return on equity of 3.06% and a negative net margin of 10.18%. On average, sell-side analysts predict that RF Industries will post 0.11 earnings per share for the current year.

Institutional Trading of RF Industries

A number of hedge funds and other institutional investors have recently modified their holdings of RFIL. Wealthedge Investment Advisors LLC purchased a new stake in RF Industries during the 4th quarter valued at about $84,000. Geode Capital Management LLC grew its position in RF Industries by 13.3% during the 3rd 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position in RF Industries by 0.9% during the 4th 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 last quarter. 23.49% of the stock is owned by hedge funds and other 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.