RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.87 and traded as high as $8.54. RF Industries shares last traded at $8.46, with a volume of 126,673 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently weighed in on RFIL shares. Zacks Research raised shares of RF Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. B. Riley lifted their price objective on shares of RF Industries from $6.25 to $9.25 and gave the stock a "buy" rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RF Industries in a research report on Wednesday. Finally, Wall Street Zen raised shares of RF Industries to a "strong-buy" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.25.
Read Our Latest Research Report on RFIL
RF Industries Stock Up 5.8%
The firm's 50-day moving average price is $7.48 and its 200-day moving average price is $5.87. The company has a market cap of $90.24 million, a P/E ratio of -423.00 and a beta of 0.95.
Institutional Trading of RF Industries
Several hedge funds and other institutional investors have recently modified their holdings of RFIL. Goldman Sachs Group Inc. bought a new stake in shares of RF Industries in the first quarter valued at approximately $56,000. Heron Bay Capital Management bought a new stake in shares of RF Industries in the second quarter valued at approximately $67,000. Bailard Inc. bought a new stake in shares of RF Industries in the first quarter valued at approximately $126,000. Finally, Wealthedge Investment Advisors LLC raised its position in shares of RF Industries by 171.1% in the first quarter. Wealthedge Investment Advisors LLC now owns 58,537 shares of the electronics maker's stock valued at $275,000 after purchasing an additional 36,942 shares during the period. 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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