RF Industries, Ltd. (NASDAQ:RFIL – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.38 and traded as low as $12.84. RF Industries shares last traded at $13.03, with a volume of 197,904 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on RFIL shares. B. Riley Financial raised their price objective on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 16th. Weiss Ratings raised RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded RF Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.00.
Get Our Latest Stock Report on RF Industries
RF Industries Stock Performance
RF Industries (NASDAQ:RFIL – Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $20.69 million for the quarter, compared to analysts’ expectations of $19.67 million. RF Industries had a return on equity of 12.79% and a net margin of 1.70%. As a group, analysts expect that RF Industries, Ltd. will post 0.59 EPS for the current year.
Institutional Trading of RF Industries
A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of RF Industries by 6.4% during the 4th quarter. State Street Corp now owns 38,484 shares of the electronics maker’s stock valued at $222,000 after acquiring an additional 2,300 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of RF Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 103,152 shares of the electronics maker’s stock worth $596,000 after acquiring an additional 2,718 shares during the last quarter. XTX Topco Ltd boosted its position in shares of RF Industries by 26.9% in the fourth quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock worth $146,000 after acquiring an additional 5,350 shares during the last quarter. PFG Investments LLC purchased a new stake in RF Industries in the fourth quarter valued at approximately $64,000. Finally, Goldman Sachs Group Inc. purchased a new stake in RF Industries in the first quarter valued at approximately $56,000. 23.49% of the stock is owned by institutional investors and hedge funds.
About RF Industries
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.
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