StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL – Get Rating) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the electronics maker's stock.
RF Industries Trading Down 1.4 %
Shares of RFIL opened at $6.18 on Friday. RF Industries has a 1-year low of $5.48 and a 1-year high of $8.71. The firm has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $6.64. The stock has a market cap of $62.76 million, a price-to-earnings ratio of 34.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 1.64.
Get RF Industries alerts:RF Industries (NASDAQ:RFIL – Get Rating) last announced 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 net margin of 2.17% and a return on equity of 8.81%. During the same quarter in the previous year, the firm earned $0.09 EPS. Equities analysts forecast that RF Industries will post 0.34 EPS for the current fiscal year.
Insider Activity
In other RF Industries news, Director Mark Keith Holdsworth acquired 9,854 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average price of $6.20 per share, with a total value of $61,094.80. Following the transaction, the director now directly owns 521,322 shares in the company, valued at $3,232,196.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 12.20% of the company's stock.Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. AIGH Capital Management LLC grew its position in RF Industries by 3.4% in the 1st 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 last quarter. Worth Venture Partners LLC lifted 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 worth $928,000 after acquiring an additional 12,000 shares during the period. Finally, State Street Corp lifted its stake in shares of RF Industries by 9.3% in the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker's stock worth $211,000 after acquiring an additional 2,496 shares during the period. Institutional investors own 36.24% of the company's stock.
RF Industries Company Profile
(Get Rating)
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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