StockNews.com Initiates Coverage on RF Industries (NASDAQ:RFIL)

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

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $4.89 on Wednesday. The company’s fifty day moving average is $4.69 and its two-hundred day moving average is $4.23. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.77. The stock has a market capitalization of $52.18 million, a price-to-earnings ratio of -7.76 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data 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 net margin of 10.18% and a negative return on equity of 3.06%. Sell-side analysts expect that RF Industries will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after buying an additional 2,062 shares during the period. Geode Capital Management LLC grew its position in shares of RF Industries by 13.3% during the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after acquiring an additional 9,863 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of RF Industries in the 4th quarter worth about $84,000. Institutional investors and hedge funds 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.