RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $13.65 and traded as low as $8.23. RF Industries shares last traded at $8.38, with a volume of 171,379 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of RF Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 25th. Zacks Research lowered shares of RF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 20th. B. Riley Financial dropped 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 note on Tuesday, September 15th. Wall Street Zen downgraded shares of RF Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 25th. Finally, Lake Street Capital decreased their price target on shares of RF Industries from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.
Get Our Latest Stock Report on RFIL
RF Industries Trading Down 2.4%
The stock has a market cap of $90.92 million, a PE ratio of 38.09 and a beta of 1.34. The business has a 50-day moving average price of $10.34 and a 200 day moving average price of $13.65.
RF Industries (NASDAQ:RFIL - Get Free Report) last announced its quarterly earnings data on Monday, September 14th. The electronics maker reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). RF Industries had a return on equity of 15.32% and a net margin of 2.83%.The firm had revenue of $23.96 million during the quarter, compared to analysts' expectations of $23.28 million. On average, equities analysts predict that RF Industries, Ltd. will post 0.5 earnings per share for the current year.
Hedge Funds Weigh In On RF Industries
Several large investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. lifted its stake in shares of RF Industries by 9.2% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker's stock valued at $5,070,000 after buying an additional 74,091 shares in the last quarter. Sei Investments Co. grew its stake in RF Industries by 257.2% in the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker's stock valued at $866,000 after buying an additional 60,503 shares in the last quarter. Walleye Capital LLC purchased a new position in RF Industries in the 1st quarter valued at approximately $731,000. Engineers Gate Manager LP grew its stake in RF Industries by 28.4% in the 2nd quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker's stock valued at $451,000 after buying an additional 4,697 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in RF Industries during the 2nd quarter valued at $397,000. Hedge funds and other institutional investors own 23.49% of the company's stock.
About RF Industries
(
Get Free Report)
RF Industries Ltd. NASDAQ: RFIL designs, manufactures and distributes products used to build and maintain wireless communications and other electronic infrastructure. The company serves wireless carriers, original equipment manufacturers, system integrators, distributors and government customers, with applications spanning cellular communications, public safety, data communications and private wireless networks.
Its product portfolio includes radio-frequency connectors, coaxial cable assemblies, antennas, combiners, filters, power distribution equipment and other passive RF components.
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