RF Industries (NASDAQ:RFIL) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

RF Industries (NASDAQ:RFIL) released its quarterly earnings data on Monday. The electronics maker reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, Zacks reports. RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%.

RF Industries Trading Up 8.5%

Shares of RFIL stock traded up $0.35 during trading hours on Monday, reaching $4.47. 129,976 shares of the company’s stock were exchanged, compared to its average volume of 25,732. The company has a market cap of $47.69 million, a price-to-earnings ratio of -7.10 and a beta of 0.62. The stock’s 50 day moving average is $4.02 and its 200-day moving average is $4.26. RF Industries has a fifty-two week low of $3.22 and a fifty-two week high of $5.77.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of RF Industries in a report on Thursday, May 22nd. They set a “buy” rating on the stock.

Insider Buying and Selling

In other news, Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $4.72 per share, with a total value of $70,800.00. Following the purchase, the director now directly owns 106,953 shares of the company’s stock, valued at $504,818.16. This trade represents a 16.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On RF Industries

An institutional investor recently bought a new position in RF Industries stock. Goldman Sachs Group Inc. purchased a new stake in RF Industries, Ltd. (NASDAQ:RFIL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,991 shares of the electronics maker’s stock, valued at approximately $56,000. Goldman Sachs Group Inc. owned approximately 0.11% of RF Industries at the end of the most recent reporting period. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.