RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Price Performance

NASDAQ RFIL opened at $5.54 on Thursday. RF Industries has a 1 year low of $2.86 and a 1 year high of $5.67. The stock has a market capitalization of $58.39 million, a PE ratio of -8.79 and a beta of 1.01. The company’s 50 day simple moving average is $4.15 and its two-hundred day simple moving average is $3.99.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts anticipate that RF Industries will post 0.11 EPS for the current year.

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC raised its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned about 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 and hedge funds.

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.