Insider Selling: RF Industries Ltd CEO Sells $644,374 in Stock (RFIL)
RF Industries Ltd (NASDAQ:RFIL) CEO Darren Clark sold 93,932 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $6.86, for a total transaction of $644,373.52. Following the transaction, the chief executive officer now directly owns 354,100 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of RF Industries Ltd (NASDAQ:RFIL) traded up 1.57% on Thursday, hitting $7.13. The stock had a trading volume of 197,566 shares. RF Industries Ltd has a 52 week low of $4.04 and a 52 week high of $7.35. The stock’s 50-day moving average is $6.29 and its 200-day moving average is $6.2. The company has a market cap of $56.0 million and a price-to-earnings ratio of 12.23.
RF Industries Ltd (NASDAQ:RFIL) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $9.60 million for the quarter, compared to the consensus estimate of $7.30 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, September 26th.
RF Industries, Ltd. is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.