RF Industries (NASDAQ:RFIL) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Rating changes: Wall Street Zen downgraded RF Industries (RFIL) from "strong-buy" to "buy", while other firms have trimmed guidance (Weiss to "sell", Zacks to "hold"), and MarketBeat shows a consensus rating of "Reduce" with a $11.25 consensus price target.
• Recent results and valuation: RFIL beat Q earnings and revenue (EPS $0.06 vs. $0.03 estimate; revenue $18.97M), yet trades at a high PE (~280.6) with a market cap of about $121.3M and a 52-week range of $3.39–$13.54.
• Institutional interest: Several large investors (Punch, Vanguard, Dimensional, O Shaughnessy) increased stakes recently, and roughly 23.49% of the stock is held by institutions.

RF Industries (NASDAQ:RFIL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered RF Industries from a "hold (c)" rating to a "sell (d+)" rating in a research note on Wednesday. Zacks Research downgraded RF Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Finally, B. Riley Financial boosted their price target on shares of RF Industries from $10.25 to $11.25 and gave the stock a "neutral" rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $11.25.

RF Industries Stock Performance

RF Industries stock opened at $11.22 on Friday. The company has a market capitalization of $121.29 million, a PE ratio of 280.57 and a beta of 0.99. RF Industries has a fifty-two week low of $3.39 and a fifty-two week high of $13.54. The firm has a 50 day moving average price of $10.90 and a 200 day moving average price of $8.39.

RF Industries (NASDAQ:RFIL - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. RF Industries had a return on equity of 10.54% and a net margin of 0.34%.The company had revenue of $18.97 million for the quarter, compared to analysts' expectations of $18.72 million. As a group, equities research analysts forecast that RF Industries will post 0.11 earnings per share for the current year.

Institutional Trading of RF Industries

A number of large investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. raised its holdings in RF Industries by 9.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker's stock valued at $5,070,000 after acquiring an additional 74,091 shares in the last quarter. Vanguard Group Inc. grew its holdings in RF Industries by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker's stock worth $3,223,000 after acquiring an additional 20,536 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in RF Industries by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker's stock worth $1,397,000 after acquiring an additional 13,349 shares in the last quarter. AMH Equity Ltd purchased a new stake in shares of RF Industries in the 3rd quarter valued at approximately $1,843,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of RF Industries by 58.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker's stock valued at $1,228,000 after purchasing an additional 78,144 shares in the last quarter. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

RF Industries Company Profile

RF Industries, Inc NASDAQ: RFIL is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company's offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.

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