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

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

RF Industries Trading Up 0.7 %

Shares of RFIL stock opened at $5.54 on Thursday. RF Industries has a twelve month low of $2.86 and a twelve month high of $5.67. The company has a market capitalization of $58.39 million, a PE ratio of -8.79 and a beta of 1.01. The firm has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.01.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 research analysts predict that RF Industries will post 0.11 EPS for the current year.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC increased its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the period. Geode Capital Management LLC owned about 0.80% of RF Industries worth $342,000 at the end of the most recent reporting period. 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.