RF Industries (NASDAQ:RFIL - Get Free Report) posted its quarterly earnings results on Thursday. The electronics maker reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03, Zacks reports. The business had revenue of $19.79 million for the quarter, compared to analyst estimates of $18.52 million. RF Industries had a negative net margin of 0.44% and a positive return on equity of 5.20%.
RF Industries Stock Down 0.7%
Shares of RFIL stock traded down $0.05 during trading hours on Tuesday, hitting $7.10. 156,914 shares of the company's stock traded hands, compared to its average volume of 164,665. The stock's 50 day simple moving average is $7.32 and its 200 day simple moving average is $5.44. The stock has a market cap of $75.76 million, a PE ratio of -355.00 and a beta of 0.88. RF Industries has a 12 month low of $3.39 and a 12 month high of $9.21.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. B. Riley raised their target price on shares of RF Industries from $6.25 to $9.25 and gave the company a "buy" rating in a research report on Monday. Zacks Research lowered shares of RF Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Wall Street Zen upgraded shares of 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.
Check Out Our Latest Analysis on RFIL
Hedge Funds Weigh In On RF Industries
An institutional investor recently bought a new position in RF Industries stock. Goldman Sachs Group Inc. bought a new position in shares of RF Industries, Ltd. (NASDAQ:RFIL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,991 shares of the electronics maker's stock, valued at approximately $56,000. Goldman Sachs Group Inc. owned about 0.11% of RF Industries as of its most recent SEC filing. 23.49% of the stock is owned by institutional investors.
RF Industries Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider RF Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RF Industries wasn't on the list.
While RF Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
