Wealthedge Investment Advisors LLC boosted its holdings in RF Industries, Ltd. (NASDAQ:RFIL - Free Report) by 171.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 58,537 shares of the electronics maker's stock after buying an additional 36,942 shares during the period. Wealthedge Investment Advisors LLC owned 0.55% of RF Industries worth $275,000 as of its most recent SEC filing.
Separately, Bailard Inc. purchased a new stake in RF Industries in the 1st quarter worth about $126,000. Hedge funds and other institutional investors own 23.49% of the company's stock.
RF Industries Stock Down 2.2%
RF Industries stock opened at $7.00 on Friday. The stock has a 50-day moving average price of $6.61 and a 200 day moving average price of $5.15. The company has a market capitalization of $74.76 million, a price-to-earnings ratio of -53.85 and a beta of 0.82. RF Industries, Ltd. has a 52 week low of $3.35 and a 52 week high of $9.21.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded RF Industries to a "strong-buy" rating in a report on Friday, July 18th.
View Our Latest Report on RFIL
RF Industries Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding RFIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RF Industries, Ltd. (NASDAQ:RFIL - Free Report).
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