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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley decreased their price target on shares of RF Industries from $4.25 to $4.00 and set a buy rating on the stock in a report on Wednesday, March 20th.

RF Industries Trading Up 1.3 %

Shares of RFIL stock opened at $3.07 on Tuesday. The company’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $2.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.32. RF Industries has a 1 year low of $2.51 and a 1 year high of $5.08. The stock has a market capitalization of $32.24 million, a price-to-earnings ratio of -9.90 and a beta of 0.94.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $14.49 million. RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, analysts anticipate that RF Industries will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RFIL. State Street Corp increased its stake in RF Industries by 9.3% in the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,496 shares during the last quarter. Worth Venture Partners LLC increased its stake in RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 12,000 shares during the last quarter. Vanguard Group Inc. increased its stake in RF Industries by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after acquiring an additional 15,174 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in RF Industries by 70.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after acquiring an additional 420,000 shares during the last quarter. 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.