RF Industries, Ltd. (NASDAQ:RFIL – Get Rating) – Stock analysts at B. Riley reduced their FY2022 earnings per share estimates for shares of RF Industries in a research note issued on Thursday, September 15th. B. Riley analyst J. Nichols now forecasts that the electronics maker will post earnings of $0.34 per share for the year, down from their previous estimate of $0.41. The consensus estimate for RF Industries' current full-year earnings is $0.34 per share. B. Riley also issued estimates for RF Industries' Q4 2022 earnings at $0.09 EPS.
Get RF Industries alerts:Separately, StockNews.com began coverage on RF Industries in a report on Sunday. They issued a "hold" rating on the stock.
RF Industries Price Performance
Shares of RFIL opened at $6.35 on Monday. The company has a market capitalization of $64.49 million, a price-to-earnings ratio of 35.28 and a beta of 1.13. RF Industries has a fifty-two week low of $5.48 and a fifty-two week high of $8.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 1.53. The business's 50-day moving average is $6.85 and its 200-day moving average is $6.65.RF Industries (NASDAQ:RFIL – Get Rating) last posted its quarterly earnings data on Wednesday, September 14th. The electronics maker reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). RF Industries had a return on equity of 8.81% and a net margin of 2.17%. During the same period last year, the company posted $0.09 EPS.
Institutional Investors Weigh In On RF Industries
Several large investors have recently made changes to their positions in the company. Worth Venture Partners LLC grew its stake in shares of RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker's stock valued at $928,000 after buying an additional 12,000 shares in the last quarter. State Street Corp boosted its position in RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker's stock worth $211,000 after purchasing an additional 2,496 shares during the period. Finally, AIGH Capital Management LLC boosted its position in RF Industries by 3.4% during the first quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker's stock worth $3,692,000 after purchasing an additional 17,000 shares during the period. Institutional investors own 36.24% of the company's stock.
Insider Activity
In other news, Director Mark Keith Holdsworth purchased 10,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was acquired at an average price of $6.16 per share, with a total value of $61,600.00. Following the purchase, the director now owns 537,852 shares in the company, valued at approximately $3,313,168.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.20% of the stock is owned by corporate insiders.
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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