RF Industries (NASDAQ:RFIL) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

RF Industries, Ltd. (NASDAQ:RFIL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.79 and traded as high as $11.35. RF Industries shares last traded at $11.35, with a volume of 157,335 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. B. Riley Financial lowered RF Industries from a “buy” rating to a “neutral” rating and set a $10.25 price objective on the stock. in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, January 15th. Finally, Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

RF Industries Price Performance

The company has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $7.79. The company has a market capitalization of $121.56 million, a P/E ratio of 567.78 and a beta of 1.01.

RF Industries (NASDAQ:RFIL) last posted its earnings results on Wednesday, January 14th. The electronics maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.09 by $0.11. RF Industries had a net margin of 0.09% and a return on equity of 10.08%. The business had revenue of $22.69 million for the quarter, compared to the consensus estimate of $19.38 million. As a group, sell-side analysts forecast that RF Industries, Ltd. will post 0.11 earnings per share for the current year.

Institutional Trading of RF Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. AMH Equity Ltd bought a new position in RF Industries during the 3rd quarter worth $1,843,000. Ritholtz Wealth Management acquired a new stake in shares of RF Industries in the third quarter valued at about $754,000. Huntleigh Advisors Inc. bought a new position in shares of RF Industries during the third quarter worth about $678,000. Heron Bay Capital Management acquired a new position in shares of RF Industries in the second quarter worth approximately $67,000. Finally, Geode Capital Management LLC lifted its stake in shares of RF Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 103,152 shares of the electronics maker’s stock worth $596,000 after acquiring an additional 2,718 shares during the period. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.