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

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

Separately, B. Riley cut their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th.

RF Industries Price Performance

Shares of NASDAQ RFIL opened at $2.99 on Wednesday. The business’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $2.98. The company has a market cap of $31.40 million, a PE ratio of -9.64 and a beta of 0.94. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. RF Industries has a twelve month low of $2.51 and a twelve month high of $5.08.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million for the quarter, compared to the consensus estimate of $14.49 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. On average, analysts predict that RF Industries will post -0.12 EPS for the current year.

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.