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Wm Smith started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Tuesday. The firm set a $8.50 price target on the stock. Wm Smith’s price target points to a potential upside of 42.14% from the company’s current price.

RF Industries (NASDAQ:RFIL) opened at 5.99 on Tuesday. RF Industries has a one year low of $5.01 and a one year high of $14.84. The stock’s 50-day moving average is $5. and its 200-day moving average is $6.56. The company has a market cap of $49.4 million and a price-to-earnings ratio of 26.98.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Thursday, June 12th. The company reported $0.05 EPS for the quarter. The company had revenue of $5.80 million for the quarter, compared to the consensus estimate of $8.80 million.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, June 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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