RF Industries (NASDAQ:RFIL) Downgraded to “Buy” Rating by Wall Street Zen

RF Industries (NASDAQ:RFIL) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

RFIL has been the topic of a number of other research reports. B. Riley Financial increased their price target on RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Weiss Ratings upgraded RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, RF Industries has a consensus rating of “Moderate Buy” and an average price target of $18.00.

RF Industries Stock Down 4.3%

Shares of NASDAQ:RFIL opened at $12.46 on Friday. RF Industries has a 52-week low of $5.54 and a 52-week high of $22.30. The stock has a market cap of $135.19 million, a P/E ratio of 89.01 and a beta of 1.27. The business’s 50 day moving average is $17.40 and its 200 day moving average is $13.53.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $20.69 million during the quarter, compared to analyst estimates of $19.67 million. RF Industries had a return on equity of 12.79% and a net margin of 1.70%. On average, sell-side analysts anticipate that RF Industries will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On RF Industries

A number of institutional investors have recently added to or reduced their stakes in RFIL. Ritholtz Wealth Management grew its stake in RF Industries by 68.0% in the fourth quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock valued at $889,000 after purchasing an additional 62,279 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of RF Industries by 9.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock valued at $5,070,000 after buying an additional 74,091 shares during the last quarter. Bailard Inc. lifted its position in shares of RF Industries by 133.0% during the fourth quarter. Bailard Inc. now owns 36,625 shares of the electronics maker’s stock valued at $212,000 after buying an additional 20,908 shares during the last quarter. PFG Investments LLC bought a new stake in shares of RF Industries in the 4th quarter valued at about $64,000. Finally, XTX Topco Ltd boosted its holdings in shares of RF Industries by 26.9% in the 4th 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 in the last quarter. Institutional investors own 23.49% of the company’s stock.

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.