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 began coverage on RF Industries in a report on Thursday, May 22nd. They set a "buy" rating on the stock.
Get Our Latest Stock Analysis on RF Industries
RF Industries Price Performance
The company has a market capitalization of $69.03 million, a PE ratio of -49.77 and a beta of 0.62. The firm has a 50-day simple moving average of $4.34 and a 200 day simple moving average of $4.35.
Institutional Investors Weigh In On RF Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position 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. Wealthedge Investment Advisors LLC acquired a new stake in RF Industries during the 4th quarter valued at approximately $84,000. Bailard Inc. acquired a new stake in RF Industries during the 1st quarter valued at approximately $126,000. Finally, Goldman Sachs Group Inc. purchased a new stake in RF Industries during the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 23.49% of the company's stock.
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.
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