Shares of RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.32 and traded as high as $5.79. RF Industries shares last traded at $5.62, with a volume of 63,046 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on RF Industries in a report on Thursday, May 22nd. They issued a "buy" rating for the company.
Check Out Our Latest Analysis on RF Industries
RF Industries Price Performance
The firm has a market capitalization of $60.29 million, a P/E ratio of -43.46 and a beta of 0.62. The stock's fifty day simple moving average is $4.25 and its 200 day simple moving average is $4.32.
Hedge Funds Weigh In On RF Industries
Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new position in RF Industries in the first quarter worth about $56,000. Wealthedge Investment Advisors LLC bought a new position in RF Industries in the fourth quarter worth about $84,000. Bailard Inc. purchased a new stake in shares of RF Industries during the first quarter worth about $126,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock worth $906,000 after acquiring an additional 2,062 shares during the last quarter. 23.49% of the stock is currently owned by institutional investors.
About RF Industries
(
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.
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