RF Industries (NASDAQ:RFIL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note published on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley raised their price objective on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Down 0.8 %

NASDAQ RFIL opened at $3.66 on Friday. The company has a market cap of $38.40 million, a PE ratio of -5.30 and a beta of 0.99. The firm’s 50-day simple moving average is $4.08 and its two-hundred day simple moving average is $3.87. RF Industries has a 52 week low of $2.61 and a 52 week high of $4.65.

Insider Buying and Selling

In other news, Director Mark Keith Holdsworth bought 7,009 shares of the stock in a transaction on Tuesday, October 15th. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $28,036.00. Following the purchase, the director now directly owns 91,953 shares of the company’s stock, valued at $367,812. This trade represents a 8.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have purchased 29,844 shares of company stock valued at $119,361. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

About RF Industries

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 Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.