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

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

RF Industries Stock Up 0.3 %

RFIL stock opened at $3.94 on Monday. RF Industries has a fifty-two week low of $2.86 and a fifty-two week high of $5.77. The firm’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.18. The stock has a market cap of $41.54 million, a PE ratio of -6.25 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS 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%. Equities analysts forecast that RF Industries will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Large investors have recently bought and sold shares of the stock. Wealthedge Investment Advisors LLC acquired a new position in RF Industries during the 4th quarter valued at about $84,000. Geode Capital Management LLC increased its stake 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 valued at $342,000 after buying an additional 9,863 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after purchasing an additional 2,062 shares during the last quarter. 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.