RF Industries, Ltd. (NASDAQ:RFIL) Director Acquires $28,036.00 in Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth acquired 7,009 shares of RF Industries stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the completion of the purchase, the director now owns 91,953 shares of the company’s stock, valued at approximately $367,812. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Keith Holdsworth also recently made the following trade(s):

• On Friday, October 4th, Mark Keith Holdsworth purchased 8,815 shares of RF Industries stock. The shares were purchased at an average cost of $4.07 per share, for a total transaction of $35,877.05.
• On Wednesday, October 2nd, Mark Keith Holdsworth acquired 8,800 shares of RF Industries stock. The shares were bought at an average price of $3.97 per share, for a total transaction of $34,936.00.
• On Monday, September 30th, Mark Keith Holdsworth acquired 5,000 shares of RF Industries stock. The shares were bought at an average price of $3.94 per share, for a total transaction of $19,700.00.
• On Friday, September 27th, Mark Keith Holdsworth acquired 220 shares of RF Industries stock. The shares were bought at an average price of $3.69 per share, for a total transaction of $811.80.

RF Industries Trading Down 0.2 %

NASDAQ RFIL traded down $0.01 during trading on Thursday, reaching $4.13. The company’s stock had a trading volume of 6,377 shares, compared to its average volume of 12,808. The firm has a market capitalization of $43.35 million, a price-to-earnings ratio of -5.31 and a beta of 0.99. RF Industries, Ltd. has a 12 month low of $2.51 and a 12 month high of $4.65. The firm has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.52.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $16.84 million for the quarter, compared to analyst estimates of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. On average, equities analysts forecast that RF Industries, Ltd. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on RFIL shares. StockNews.com started coverage on shares of RF Industries in a research note on Thursday. They issued a “hold” rating on the stock. B. Riley lifted their price target on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Tuesday, September 17th.

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.