RF Industries (NASDAQ:RFIL) Given New $9.25 Price Target at B. Riley

Key Points

• B. Riley has increased RF Industries' price target from $6.25 to $9.25, indicating a potential 24.83% upside from the current stock price.
• RF Industries recently saw mixed ratings, with Zacks downgrading it from "strong-buy" to "hold," while Wall Street Zen upgraded it to "strong-buy."
• The company's shares have decreased by 13.1%, and it currently has a market capitalization of $79.10 million.

RF Industries (NASDAQ:RFIL - Get Free Report) had its target price hoisted by B. Riley from $6.25 to $9.25 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the electronics maker's stock. B. Riley's price objective would suggest a potential upside of 24.83% from the stock's current price.

Other analysts also recently issued reports about the company. Zacks Research downgraded RF Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen upgraded RF Industries to a "strong-buy" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, RF Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

RF Industries Stock Down 13.1%

Shares of NASDAQ:RFIL opened at $7.41 on Monday. RF Industries has a 52-week low of $3.39 and a 52-week high of $9.21. The stock's fifty day simple moving average is $7.32 and its 200-day simple moving average is $5.41. The company has a market capitalization of $79.10 million, a P/E ratio of -370.50 and a beta of 0.88.

Institutional Investors Weigh In On RF Industries

Several institutional investors and hedge funds have recently modified their holdings of RFIL. Wealthedge Investment Advisors LLC boosted its position in shares of RF Industries by 171.1% in the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker's stock worth $275,000 after buying an additional 36,942 shares during the period. Bailard Inc. purchased a new position in RF Industries in the first quarter valued at about $126,000. Goldman Sachs Group Inc. bought a new position in RF Industries during the 1st quarter worth approximately $56,000. Finally, Heron Bay Capital Management acquired a new stake in RF Industries in the 2nd quarter valued at approximately $67,000. Hedge funds and other institutional investors own 23.49% of the company's stock.

RF Industries Company Profile

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.

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