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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the electronics maker’s stock.

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

RF Industries Price Performance

Shares of RFIL opened at $3.87 on Friday. The company has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $3.90. The firm has a market capitalization of $40.61 million, a PE ratio of -5.61 and a beta of 0.99. RF Industries has a one year low of $2.84 and a one year high of $4.65.

Insider Activity

In related news, Director Mark Keith Holdsworth purchased 8,815 shares of the stock in a transaction dated Friday, October 4th. The stock was purchased at an average price of $4.07 per share, with a total value of $35,877.05. Following the transaction, the director now directly owns 84,944 shares in the company, valued at $345,722.08. This trade represents a 11.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders acquired 24,624 shares of company stock worth $98,849. Insiders own 15.70% of the company’s stock.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP lifted its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 2.15% of RF Industries worth $788,000 as of its most recent filing with the Securities & Exchange Commission. 23.49% of the stock is owned by institutional investors.

RF Industries Company Profile

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.