RF Industries (NASDAQ:RFIL – Get Free Report) posted its quarterly earnings data on Monday. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05, FiscalAI reports. The firm had revenue of $20.69 million during the quarter, compared to the consensus estimate of $19.67 million. RF Industries had a net margin of 0.34% and a return on equity of 10.54%.
RF Industries Stock Performance
Shares of RF Industries stock traded down $0.63 during trading on Monday, reaching $18.12. 575,591 shares of the company’s stock were exchanged, compared to its average volume of 255,524. RF Industries has a 1-year low of $4.08 and a 1-year high of $20.00. The company has a market cap of $195.88 million, a P/E ratio of 453.11 and a beta of 1.30. The firm’s 50-day moving average price is $15.53 and its 200 day moving average price is $11.23.
Hedge Funds Weigh In On RF Industries
A number of institutional investors have recently modified their holdings of RFIL. Goldman Sachs Group Inc. bought a new position in RF Industries in the 1st quarter valued at approximately $56,000. Vanguard Group Inc. lifted its stake in RF Industries by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after purchasing an additional 20,536 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in RF Industries in the 3rd quarter valued at approximately $1,651,000. Bridgeway Capital Management LLC lifted its stake in RF Industries by 38.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 66,676 shares of the electronics maker’s stock valued at $549,000 after purchasing an additional 18,380 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in RF Industries in the 3rd quarter valued at approximately $169,000. Institutional investors and hedge funds own 23.49% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on RFIL
RF Industries Company Profile
RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.
The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.
Featured Stories
- Five stocks we like better than RF Industries
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for RF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Industries and related companies with MarketBeat.com's FREE daily email newsletter.
