RF Industries (NASDAQ:RFIL) Posts Earnings Results, Beats Estimates By $0.01 EPS

RF Industries (NASDAQ:RFIL) announced its quarterly earnings results on Monday. The electronics maker reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01, Zacks reports. RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%.

RF Industries Trading Up 8.5%

NASDAQ:RFIL traded up $0.35 during trading hours on Monday, hitting $4.47. The stock had a trading volume of 136,519 shares, compared to its average volume of 25,753. The business has a 50 day simple moving average of $4.02 and a two-hundred day simple moving average of $4.26. RF Industries has a 1-year low of $3.22 and a 1-year high of $5.77. The company has a market cap of $47.69 million, a PE ratio of -7.10 and a beta of 0.62.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on RF Industries in a research note on Thursday, May 22nd. They set a “buy” rating on the stock.

Insider Activity

In other RF Industries news, Director Mark Keith Holdsworth bought 15,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $4.72 per share, with a total value of $70,800.00. Following the completion of the transaction, the director now owns 106,953 shares in the company, valued at $504,818.16. The trade was a 16.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RF Industries stock. Goldman Sachs Group Inc. purchased a new stake in RF Industries, Ltd. (NASDAQ:RFIL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,991 shares of the electronics maker’s stock, valued at approximately $56,000. Goldman Sachs Group Inc. owned approximately 0.11% of RF Industries at the end of the most recent reporting period. 23.49% of the stock is owned by institutional investors and hedge funds.

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.