RF Industries (NASDAQ:RFIL) Given Sell (D-) Rating at Weiss Ratings

Key Points

• RF Industries' stock has been restated with a sell (D-) rating by Weiss Ratings, indicating a negative outlook from these analysts.
• Other firms like Zacks Research and B. Riley have given RF Industries more optimistic ratings, with Zacks upgrading to strong-buy and B. Riley increasing the price target to $9.25.
• The stock has experienced a 5.8% increase recently, with significant institutional interest as various firms have acquired new stakes in the company.

RF Industries (NASDAQ:RFIL - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

RFIL has been the subject of several other research reports. Zacks Research upgraded shares of RF Industries from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. B. Riley upped their price objective on shares of RF Industries from $6.25 to $9.25 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Wall Street Zen upgraded shares of RF Industries to a "strong-buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.25.

RF Industries Stock Up 5.8%

Shares of NASDAQ RFIL opened at $8.46 on Wednesday. The firm has a market cap of $90.27 million, a price-to-earnings ratio of -423.00 and a beta of 0.95. RF Industries has a 52-week low of $3.39 and a 52-week high of $9.56. The business's 50 day moving average is $7.48 and its two-hundred day moving average is $5.87.

Institutional Trading of RF Industries

Large investors have recently modified their holdings of the business. Heron Bay Capital Management acquired a new stake in shares of RF Industries in the second quarter valued at approximately $67,000. Goldman Sachs Group Inc. acquired a new stake in RF Industries during the first quarter worth approximately $56,000. Bailard Inc. purchased a new position in RF Industries during the first quarter worth approximately $126,000. Finally, Wealthedge Investment Advisors LLC raised its stake in RF Industries by 171.1% during the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker's stock worth $275,000 after purchasing an additional 36,942 shares during the period. 23.49% of the stock is currently owned by institutional investors and hedge funds.

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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