Insider Selling: RF Industries Ltd CEO Sells 8,620 Shares of Stock (RFIL)
RF Industries Ltd (NASDAQ:RFIL) CEO Howard Hill sold 8,620 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $7.31, for a total value of $63,012.20. Following the completion of the transaction, the chief executive officer now directly owns 75,500 shares in the company, valued at approximately $551,905. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of RF Industries Ltd (NASDAQ:RFIL) traded down 0.13% on Friday, hitting $7.40. 12,829 shares of the company’s stock traded hands. RF Industries Ltd has a 52-week low of $4.04 and a 52-week high of $7.69. The stock’s 50-day moving average is $6.73 and its 200-day moving average is $6.33. The company has a market cap of $58.1 million and a price-to-earnings ratio of 12.91.
RF Industries Ltd (NASDAQ:RFIL) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.13 earnings per share 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 declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.78%. 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.
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