RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Friday morning. The firm issued a hold rating on the electronics maker’s stock.

RF Industries Trading Up 3.7 %

Shares of RF Industries stock opened at $5.45 on Friday. The stock has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $4.06. RF Industries has a 12-month low of $2.86 and a 12-month high of $5.77. The company has a market capitalization of $57.51 million, a P/E ratio of -8.66 and a beta of 1.01.

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

Hedge Funds Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the 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 approximately 0.80% of RF Industries worth $342,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

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.