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

Stock analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley raised their target price on RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Price Performance

NASDAQ:RFIL opened at $4.01 on Friday. RF Industries has a 12 month low of $2.84 and a 12 month high of $4.65. The firm has a market capitalization of $42.08 million, a PE ratio of -5.81 and a beta of 0.99. The business’s fifty day moving average price is $4.03 and its 200 day moving average price is $3.91.

Insider Buying and Selling at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth purchased 7,009 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $28,036.00. Following the purchase, the director now directly owns 91,953 shares in the company, valued at approximately $367,812. This trade represents a 8.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. 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.