RF Industries (NASDAQ:RFIL) Receives New Coverage from Analysts at StockNews.com

Posted by Defense World Staff on Jun 19th, 2024

Equities research analysts at StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL – Get Free Report) in a research report issued on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

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

Read Our Latest Stock Analysis on RFIL

RF Industries Stock Down 0.9 %

Shares of RF Industries stock opened at $3.38 on Wednesday. The business has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $3.06. The stock has a market cap of $35.49 million, a PE ratio of -4.33 and a beta of 1.00. RF Industries has a 12 month low of $2.51 and a 12 month high of $4.39.

RF Industries (NASDAQ:RFIL – Get Free Report) last posted its earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.28 million. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%. Analysts expect that RF Industries will post -0.12 EPS for the current fiscal year.

About RF Industries

(Get Free Report)

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.