StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

Research analysts at StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

RF Industries Stock Performance

Shares of RFIL stock opened at $4.38 on Tuesday. RF Industries has a fifty-two week low of $2.86 and a fifty-two week high of $5.77. The firm has a market capitalization of $46.18 million, a price-to-earnings ratio of -6.95 and a beta of 1.09. The stock’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $4.20.

RF Industries (NASDAQ:RFIL) last issued its quarterly 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, equities analysts forecast that RF Industries will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On RF Industries

A number of large investors have recently bought and sold shares of RFIL. Geode Capital Management LLC boosted its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after buying an additional 9,863 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in RF Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after buying an additional 2,062 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in RF Industries in the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors 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.