RF Industries (NASDAQ:RFIL) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

RF Industries Price Performance

RFIL stock opened at $5.50 on Thursday. The stock has a market capitalization of $57.99 million, a P/E ratio of -8.73 and a beta of 1.01. RF Industries has a 1-year low of $2.86 and a 1-year high of $5.67. The business has a fifty day moving average price of $4.18 and a 200-day moving average price of $4.00.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. As a group, analysts anticipate that RF Industries will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,846 shares of the electronics maker’s stock after buying an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 23.49% of the company’s stock.

About RF Industries

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.