RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley lowered their price target on RF Industries from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th.

RF Industries Stock Performance

Shares of RFIL stock opened at $3.08 on Tuesday. The company has a market capitalization of $32.34 million, a P/E ratio of -9.94 and a beta of 0.94. The business’s 50 day moving average is $3.15 and its two-hundred day moving average is $2.97. The company has a current ratio of 2.91, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. RF Industries has a 12-month low of $2.51 and a 12-month high of $5.08.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $13.46 million for the quarter, compared to the consensus estimate of $14.49 million. RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Analysts expect that RF Industries will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of RF Industries by 9.3% in the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,496 shares in the last quarter. Worth Venture Partners LLC lifted its position in shares of RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 12,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of RF Industries by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after acquiring an additional 15,174 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of RF Industries by 70.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after acquiring an additional 420,000 shares in the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.