RF Industries (NASDAQ:RFIL) Cut to Buy at Wall Street Zen

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

A number of other research firms have also recently commented on RFIL. B. Riley Financial boosted their price target on RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Weiss Ratings raised RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

RF Industries Price Performance

Shares of NASDAQ:RFIL opened at $12.16 on Friday. The company’s 50 day simple moving average is $17.30 and its 200 day simple moving average is $13.63. The stock has a market capitalization of $131.94 million, a price-to-earnings ratio of 86.86 and a beta of 1.27. RF Industries has a 1 year low of $5.54 and a 1 year high of $22.30.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $20.69 million during the quarter, compared to the consensus estimate of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. As a group, analysts anticipate that RF Industries will post 0.59 EPS for the current fiscal year.

Institutional Trading of RF Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new position in shares of RF Industries during the fourth quarter worth $64,000. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries during the 1st quarter valued at $56,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of RF Industries during the 1st quarter valued at $131,000. Centiva Capital LP bought a new stake in RF Industries during the 3rd quarter worth $144,000. Finally, Two Sigma Investments LP acquired a new position in RF Industries in the 3rd quarter worth about $169,000. 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.