Shares of RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.89 and traded as low as $8.09. RF Industries shares last traded at $8.44, with a volume of 228,638 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on RFIL. Wall Street Zen lowered shares of RF Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Lake Street Capital decreased their price objective on shares of RF Industries from $19.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, September 15th. B. Riley Financial lowered their target price on shares of RF Industries from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, September 15th. Weiss Ratings downgraded shares of RF Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 11th. Finally, Zacks Research lowered RF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.50.
View Our Latest Stock Report on RF Industries
RF Industries Stock Up 3.7%
The firm has a market capitalization of $91.57 million, a price-to-earnings ratio of 38.37 and a beta of 1.29. The business has a 50-day moving average of $11.40 and a two-hundred day moving average of $13.89.
RF Industries (NASDAQ:RFIL - Get Free Report) last announced its quarterly earnings data on Monday, September 14th. The electronics maker reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $23.96 million during the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a return on equity of 15.32% and a net margin of 2.83%. Equities analysts predict that RF Industries, Ltd. will post 0.5 EPS for the current fiscal year.
Institutional Trading of RF Industries
A number of large investors have recently bought and sold shares of RFIL. Engineers Gate Manager LP lifted its holdings in shares of RF Industries by 28.4% during the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker's stock valued at $451,000 after acquiring an additional 4,697 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of RF Industries in the 2nd quarter worth approximately $397,000. Bank of America Corp DE boosted its holdings in shares of RF Industries by 519.3% in the 1st quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker's stock worth $213,000 after acquiring an additional 17,302 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in RF Industries during the 1st quarter worth approximately $131,000. Finally, Sei Investments Co. grew its position in RF Industries by 257.2% during the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker's stock worth $866,000 after acquiring an additional 60,503 shares during the last quarter. 23.49% of the stock is currently owned by institutional investors.
RF Industries Company Profile
(
Get Free Report)
RF Industries, Ltd. NASDAQ: RFIL designs, manufactures and distributes products used to build and maintain wireless communications and broadband infrastructure. Its offerings support cellular, telecommunications, public safety, data communications and other radio-frequency applications.
The company's product portfolio includes RF connectors, coaxial cable assemblies, jumper cables, antennas, power-distribution equipment, enclosures and other infrastructure components. RF Industries also provides integrated systems and custom-engineered solutions for communications networks, including products used in wireless base stations, distributed antenna systems and in-building coverage applications.
RF Industries serves telecommunications carriers, wireless infrastructure providers, original equipment manufacturers, value-added distributors, government agencies and other industrial customers.
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