Somewhat Favorable Press Coverage Very Likely to Affect RF Industries (RFIL) Share Price
News headlines about RF Industries (NASDAQ:RFIL) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RF Industries earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next several days.
RF Industries (NASDAQ:RFIL) remained flat at $1.90 during mid-day trading on Thursday. The stock had a trading volume of 12,657 shares. The stock’s market cap is $16.79 million. The company’s 50-day moving average price is $1.85 and its 200 day moving average price is $1.64. RF Industries has a one year low of $1.40 and a one year high of $2.42.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, June 28th. RF Industries’s dividend payout ratio is currently -19.05%.
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In other news, Director William Reynolds sold 16,763 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1.92, for a total value of $32,184.96. Following the transaction, the director now directly owns 68,870 shares of the company’s stock, valued at $132,230.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.00% of the company’s stock.
RF Industries Company Profile
RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).
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