RF Industries (NASDAQ:RFIL) Research Coverage Started at StockNews.com

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

RF Industries Stock Performance

NASDAQ RFIL traded up $0.10 during trading hours on Wednesday, reaching $3.41. 2,641 shares of the company’s stock were exchanged, compared to its average volume of 11,544. The company has a market capitalization of $35.79 million, a price-to-earnings ratio of -4.24 and a beta of 1.00. The company’s 50-day moving average is $3.72 and its two-hundred day moving average is $3.32. RF Industries has a one year low of $2.51 and a one year high of $4.65.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.28 million. RF Industries had a negative net margin of 13.34% and a negative return on equity of 5.92%.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 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.