RF Industries (NASDAQ:RFIL) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of RF Industries (NASDAQ:RFIL) from a strong-buy rating to a buy rating in a report released on Saturday.

RFIL has been the subject of a number of other research reports. Zacks Research lowered RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. B. Riley Financial raised their price target on shares of RF Industries from $10.25 to $11.25 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings lowered shares of RF Industries from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.25.

RF Industries Trading Up 6.1%

Shares of RFIL opened at $11.22 on Friday. The company has a market cap of $121.33 million, a price-to-earnings ratio of 280.57 and a beta of 0.99. The business’s fifty day simple moving average is $10.90 and its two-hundred day simple moving average is $8.40. RF Industries has a 12 month low of $3.39 and a 12 month high of $13.54.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. RF Industries had a return on equity of 10.54% and a net margin of 0.34%.The firm had revenue of $18.97 million during the quarter, compared to analysts’ expectations of $18.72 million. As a group, research analysts forecast that RF Industries will post 0.11 EPS for the current year.

Institutional Trading of RF Industries

Hedge funds have recently bought and sold shares of the company. AMH Equity Ltd bought a new position in RF Industries in the third quarter valued at about $1,843,000. Ritholtz Wealth Management bought a new stake in shares of RF Industries during the 3rd quarter valued at about $754,000. Huntleigh Advisors Inc. bought a new stake in shares of RF Industries during the 3rd quarter valued at about $678,000. Global Retirement Partners LLC bought a new stake in shares of RF Industries during the 3rd quarter valued at about $44,000. Finally, XTX Topco Ltd increased its position in shares of RF Industries by 26.9% during the 4th quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 5,350 shares during the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.