B. Riley Financial Boosts RF Industries (NASDAQ:RFIL) Price Target to $11.25

RF Industries (NASDAQ:RFILGet Free Report) had its price target hoisted by research analysts at B. Riley Financial from $10.25 to $11.25 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the electronics maker’s stock. B. Riley Financial’s price target would indicate a potential downside of 10.14% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Weiss Ratings raised shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Get Our Latest Research Report on RFIL

RF Industries Stock Performance

Shares of NASDAQ RFIL traded up $0.83 during midday trading on Tuesday, hitting $12.52. 800,812 shares of the stock traded hands, compared to its average volume of 271,373. The firm has a market capitalization of $134.13 million, a P/E ratio of 624.26 and a beta of 0.99. RF Industries has a one year low of $3.39 and a one year high of $13.09. The firm has a 50-day moving average of $10.15 and a two-hundred day moving average of $8.14.

RF Industries (NASDAQ:RFILGet Free Report) last issued its quarterly earnings data on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. RF Industries had a return on equity of 10.08% and a net margin of 0.09%.The company had revenue of $18.97 million during the quarter, compared to analyst estimates of $18.72 million. Equities analysts forecast that RF Industries will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMH Equity Ltd purchased a new position in shares of RF Industries in the third quarter worth about $1,843,000. Ritholtz Wealth Management acquired a new position in RF Industries in the 3rd quarter worth approximately $754,000. Huntleigh Advisors Inc. acquired a new position in RF Industries in the 3rd quarter worth approximately $678,000. Heron Bay Capital Management purchased a new position in RF Industries during the 2nd quarter worth approximately $67,000. Finally, Global Retirement Partners LLC acquired a new stake in RF Industries during the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

Trending Headlines about RF Industries

Here are the key news stories impacting RF Industries this week:

About RF Industries

(Get Free Report)

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.

See Also

Receive News & Ratings for RF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Industries and related companies with MarketBeat.com's FREE daily email newsletter.