RF Industries (NASDAQ:RFIL) coverage was initiated by analysts at StockNews.com

StockNews.com has begun coverage of the stock RF Industries (NASDAQ:RFIL – Free Report) in a report issued on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

RF Industries stocks rose 2.2%

Shares of NASDAQ RFIL opened at $3.77 on Friday. The stock has a market cap of $39.57 million, a PE ratio of -4.83 and a beta of 1.00. The firm has a fifty day moving average of $3.82 and a 200 day moving average of $3.37. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65.

RF Industries (NASDAQ:RFIL – Get Your Free Report ) last posted its quarterly earnings results on Thursday, June 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.28 million. RF Industries had a negative return on equity of 5.92% and a negative net margin of 13.34%.

Institutional inputs and outputs

An institutional investor recently lifted its position in shares of RF Industries. Dimensional Fund Advisors LP raised its holdings in RF Industries, Ltd. (NASDAQ:RFIL – Free Report) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.49% of the company’s shares.

About RF Industries

(Get a free report)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures and markets interconnect products and systems in the United States, Canada, Italy, Mexico and internationally. The company operates through two segments, RF Connectors and Cable Assembly and Custom Cable Manufacturing and Assembly.

Further reading

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