RF Industries (NASDAQ:RFIL) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

RF Industries, Ltd. (NASDAQ:RFIL)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $13.89 and traded as low as $8.09. RF Industries shares last traded at $8.44, with a volume of 228,638 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RFIL. Lake Street Capital reduced their price target on shares of RF Industries from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. B. Riley Financial dropped their price objective on shares of RF Industries from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 15th. Wall Street Zen downgraded shares of RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings cut shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, Zacks Research lowered RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.50.

RF Industries Price Performance

The company has a market cap of $90.16 million, a PE ratio of 37.77 and a beta of 1.29. The business’s 50 day moving average is $11.18 and its 200-day moving average is $13.85.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, September 14th. The electronics maker reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $23.96 million during the quarter, compared to analyst estimates of $23.28 million. RF Industries had a net margin of 2.83% and a return on equity of 15.32%. As a group, sell-side analysts predict that RF Industries, Ltd. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RFIL. OMERS ADMINISTRATION Corp acquired a new stake in shares of RF Industries during the 1st quarter worth about $131,000. Bank of New York Mellon Corp acquired a new position in RF Industries in the second quarter valued at approximately $397,000. Bank of America Corp DE raised its holdings in RF Industries by 519.3% during the first quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker’s stock worth $213,000 after purchasing an additional 17,302 shares in the last quarter. Engineers Gate Manager LP raised its holdings in RF Industries by 28.4% during the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock worth $451,000 after purchasing an additional 4,697 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in RF Industries during the first quarter worth approximately $731,000. 23.49% of the stock is owned by institutional investors and hedge funds.

RF Industries Company Profile

RF Industries, Ltd. (NASDAQ: RFIL) designs, manufactures and distributes products used to build and maintain wireless communications and broadband infrastructure. Its offerings support cellular, telecommunications, public safety, data communications and other radio-frequency applications.

The company’s product portfolio includes RF connectors, coaxial cable assemblies, jumper cables, antennas, power-distribution equipment, enclosures and other infrastructure components. RF Industries also provides integrated systems and custom-engineered solutions for communications networks, including products used in wireless base stations, distributed antenna systems and in-building coverage applications.

RF Industries serves telecommunications carriers, wireless infrastructure providers, original equipment manufacturers, value-added distributors, government agencies and other industrial customers.