Equities researchers at StockNews.com assumed coverage on shares of RF Industries (NASDAQ:RFIL – Get Rating) in a report released on Monday. The firm set a "hold" rating on the electronics maker's stock.
RF Industries Trading Down 1.4 %
NASDAQ RFIL opened at $5.82 on Monday. The company has a market capitalization of $59.11 million, a price-to-earnings ratio of 32.34 and a beta of 1.13. The stock's 50-day simple moving average is $6.82 and its two-hundred day simple moving average is $6.62. The company has a quick ratio of 1.64, a current ratio of 2.77 and a debt-to-equity ratio of 0.33. RF Industries has a twelve month low of $5.48 and a twelve month high of $8.71.
Get RF Industries alerts:RF Industries (NASDAQ:RFIL – Get Rating) last released its quarterly earnings data on Wednesday, September 14th. The electronics maker reported $0.12 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 in the previous year, the company posted $0.09 earnings per share. Research analysts forecast that RF Industries will post 0.34 EPS for the current fiscal year.
Insider Transactions at RF Industries
In related news, Director Mark Keith Holdsworth acquired 10,000 shares of the firm's stock in a transaction dated Friday, July 8th. The shares were purchased at an average price of $6.16 per share, for a total transaction of $61,600.00. Following the completion of the acquisition, the director now owns 537,852 shares in the company, valued at $3,313,168.32. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.20% of the company's stock.Institutional Trading of RF Industries
Several large investors have recently modified their holdings of RFIL. AIGH Capital Management LLC grew its stake in shares of RF Industries by 3.4% in 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 last quarter. State Street Corp grew its stake in shares of RF Industries by 9.3% in 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 last quarter. Finally, Worth Venture Partners LLC grew its stake in shares of RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker's stock worth $928,000 after purchasing an additional 12,000 shares during the last 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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