RF Industries (NASDAQ:RFIL) Shares Pass Above 200 Day Moving Average – Time to Sell?

RF Industries, Ltd. (NASDAQ:RFIL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.61 and traded as high as $4.08. RF Industries shares last traded at $4.04, with a volume of 3,541 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on RFIL. StockNews.com began coverage on RF Industries in a research note on Saturday. They issued a “hold” rating for the company. B. Riley boosted 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 Stock Down 2.4 %

The company has a market cap of $42.37 million, a P/E ratio of -5.85 and a beta of 0.99. The company has a fifty day moving average of $3.92 and a 200 day moving average of $3.61.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. The firm had revenue of $16.84 million during the quarter, compared to the consensus estimate of $17.84 million. As a group, research analysts forecast that RF Industries, Ltd. will post -0.08 EPS for the current year.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 8,815 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was purchased at an average price of $4.07 per share, with a total value of $35,877.05. Following the completion of the purchase, the director now directly owns 84,944 shares in the company, valued at approximately $345,722.08. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 29,844 shares of company stock valued at $119,361. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.