RF Industries (NASDAQ:RFIL) Lowered to Buy Rating by Wall Street Zen

RF Industries (NASDAQ:RFIL) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other brokerages also recently issued reports on RFIL. Zacks Research downgraded RF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings cut shares of RF Industries from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, B. Riley Financial upped their target price on shares of RF Industries from $10.25 to $11.25 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.25.

RF Industries Price Performance

Shares of NASDAQ RFIL opened at $11.22 on Friday. The company has a market capitalization of $121.29 million, a price-to-earnings ratio of 280.57 and a beta of 0.99. The business has a 50-day moving average of $10.90 and a two-hundred day moving average of $8.39. RF Industries has a 1 year low of $3.39 and a 1 year high of $13.54.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. RF Industries had a return on equity of 10.54% and a net margin of 0.34%.The business had revenue of $18.97 million for the quarter, compared to the consensus estimate of $18.72 million. As a group, equities research analysts expect that RF Industries will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its holdings in shares of RF Industries by 26.9% in the fourth quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock valued at $146,000 after buying an additional 5,350 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of RF Industries during the fourth quarter worth about $190,000. Man Group plc acquired a new position in RF Industries in the 4th quarter valued at about $154,000. Bridgeway Capital Management LLC increased its position in RF Industries by 30.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 86,696 shares of the electronics maker’s stock valued at $501,000 after acquiring an additional 20,020 shares during the period. Finally, Trexquant Investment LP purchased a new stake in RF Industries during the 4th quarter valued at approximately $128,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.