RF Industries (NASDAQ:RFIL – Get Rating) issued its quarterly earnings data on Wednesday. The electronics maker reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01), Fidelity Earnings reports. RF Industries had a return on equity of 8.90% and a net margin of 2.17%. During the same quarter in the prior year, the company posted $0.09 earnings per share. RF Industries updated its FY 2022 guidance to EPS.
RF Industries Stock Down 7.3 %
Shares of RFIL stock traded down $0.51 during trading hours on Friday, reaching $6.44. 39,387 shares of the company's stock were exchanged, compared to its average volume of 7,800. RF Industries has a fifty-two week low of $5.48 and a fifty-two week high of $8.71. The stock's 50 day moving average is $6.84 and its 200-day moving average is $6.66. The company has a current ratio of 2.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The company has a market cap of $65.43 million, a price-to-earnings ratio of 35.78 and a beta of 1.13.
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Analyst Ratings Changes
Separately, StockNews.com assumed coverage on RF Industries in a research report on Saturday, September 10th. They set a "hold" rating on the stock.
Insider Activity
In other RF Industries news, Director Mark Keith Holdsworth bought 9,854 shares of RF Industries stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average cost of $6.20 per share, with a total value of $61,094.80. Following the transaction, the director now directly owns 521,322 shares of the company's stock, valued at approximately $3,232,196.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.20% of the company's stock.
Institutional Trading of RF Industries
An institutional investor recently raised its position in RF Industries stock. State Street Corp grew its stake in RF Industries, Ltd. (NASDAQ:RFIL – Get Rating) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,284 shares of the electronics maker's stock after buying an additional 2,496 shares during the period. State Street Corp owned 0.29% of RF Industries worth $211,000 at the end of the most recent quarter. 36.24% of the stock is owned by institutional investors.
RF Industries Company Profile
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RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.
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- Get a free copy of the StockNews.com research report on RF Industries (RFIL)
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