RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note released on Friday. The firm issued a buy rating on the electronics maker’s stock.

RF Industries Stock Down 0.2 %

Shares of RFIL stock opened at $3.99 on Friday. The stock has a 50-day simple moving average of $4.58 and a 200 day simple moving average of $4.27. The stock has a market capitalization of $42.57 million, a P/E ratio of -6.33 and a beta of 0.83. RF Industries has a fifty-two week low of $2.86 and a fifty-two week high of $5.77.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Insider Buying and Selling at RF Industries

In related news, Director Mark Keith Holdsworth purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average price of $4.72 per share, with a total value of $70,800.00. Following the purchase, the director now owns 106,953 shares of the company’s stock, valued at $504,818.16. This trade represents a 16.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RFIL. Wealthedge Investment Advisors LLC acquired a new stake in shares of RF Industries during the fourth quarter valued at approximately $84,000. Geode Capital Management LLC grew its position in RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after purchasing an additional 9,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after purchasing an additional 2,062 shares during the period. 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.