RF Industries, Ltd. $RFIL Position Boosted by Wealthedge Investment Advisors LLC

Key Points

• Wealthedge Investment Advisors LLC increased its stake in RF Industries by 171.1%, acquiring an additional 36,942 shares to own a total of 58,537 shares, valued at approximately $275,000.
• RF Industries' stock price fell by 2.2% recently, with a current trading price of $7.00, and it is trading significantly below its 52-week high of $9.21.
• Wall Street analysts have given RF Industries a "strong-buy" rating, suggesting positive growth outlook for the company.

Wealthedge Investment Advisors LLC increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL - Free Report) by 171.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,537 shares of the electronics maker's stock after buying an additional 36,942 shares during the quarter. Wealthedge Investment Advisors LLC owned about 0.55% of RF Industries worth $275,000 at the end of the most recent quarter.

Separately, Bailard Inc. bought a new position in RF Industries during the 1st quarter worth $126,000. 23.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RFIL shares. Zacks Research downgraded RF Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wall Street Zen upgraded RF Industries to a "strong-buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.50.

RF Industries Stock Up 1.4%

RFIL stock traded up $0.09 during trading on Thursday, reaching $6.51. 37,561 shares of the company's stock were exchanged, compared to its average volume of 83,819. RF Industries, Ltd. has a 1-year low of $3.39 and a 1-year high of $9.21. The company's fifty day moving average price is $6.78 and its 200-day moving average price is $5.19. The firm has a market cap of $69.49 million, a PE ratio of -50.08 and a beta of 0.82.

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.