RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Monday. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley lifted their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a buy rating in a report on Tuesday, September 17th.

RF Industries Price Performance

Shares of RF Industries stock opened at $3.70 on Monday. The business has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.43. RF Industries has a 1 year low of $2.51 and a 1 year high of $4.65. The company has a market capitalization of $38.84 million, a price-to-earnings ratio of -4.65 and a beta of 0.99.

Institutional Inflows and Outflows

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

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.