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

Posted by Defense World Staff on Aug 14th, 2024

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

RF Industries Stock Performance

NASDAQ:RFIL opened at $3.35 on Wednesday. The company has a market capitalization of $35.16 million, a P/E ratio of -4.29 and a beta of 1.00. The stock’s 50 day moving average price is $3.72 and its 200 day moving average price is $3.32. RF Industries has a 52 week low of $2.51 and a 52 week high of $4.65.

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 for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm 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%.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL – Free Report) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities and Exchange Commission. 23.49% of the stock is owned by institutional investors and hedge funds.

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.