RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

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

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

RF Industries Trading Up 1.7 %

RF Industries stock opened at $3.62 on Monday. The company’s 50-day moving average price is $3.78 and its two-hundred day moving average price is $3.43. The stock has a market cap of $37.97 million, a price-to-earnings ratio of -4.64 and a beta of 0.99. RF Industries has a 52 week low of $2.51 and a 52 week high of $4.65.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP lifted its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.