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

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFILGet Rating) in a research note released on Monday. The brokerage issued a hold rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RFIL opened at $5.08 on Monday. The stock has a 50-day moving average of $5.47 and a two-hundred day moving average of $6.17. RF Industries has a one year low of $5.02 and a one year high of $8.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.64 and a current ratio of 2.77. The stock has a market cap of $51.61 million, a P/E ratio of 28.22 and a beta of 1.09.

RF Industries (NASDAQ:RFILGet Rating) last issued its quarterly earnings results on Wednesday, September 14th. The electronics maker reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $23.84 million during the quarter, compared to analysts’ expectations of $21.86 million. RF Industries had a return on equity of 8.81% and a net margin of 2.17%. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, research analysts predict that RF Industries will post 0.34 EPS for the current year.

Hedge Funds Weigh In On RF Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of RF Industries by 9.3% in the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after buying an additional 2,496 shares during the period. Worth Venture Partners LLC lifted its holdings in shares of RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after buying an additional 12,000 shares during the period. AIGH Capital Management LLC lifted its holdings in shares of RF Industries by 3.4% in the 1st quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock valued at $3,692,000 after buying an additional 17,000 shares during the period. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of RF Industries by 33.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 81,018 shares of the electronics maker’s stock valued at $466,000 after buying an additional 20,508 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

About RF Industries

(Get Rating)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.

Further Reading

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