RF Industries (NASDAQ:RFIL) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: RF Industries stock crossed above its 200-day moving average ($9.16) and traded as high as $14.59, last at $14.53 on volume of 128,005 shares (about a 9.8% intraday gain).
• Analyst consensus is cautious: the stock carries an average rating of "Hold" from analysts with an average price target of $11.25, despite mixed recent revisions (upgrades and downgrades) from several firms.
• Modest fundamentals: the company reported a slight quarterly beat ($0.06 EPS vs. $0.03 estimate; revenue $18.97M vs. $18.72M) but remains a small micro-cap ($157M market cap) with a very low net margin (0.34%) and a high P/E (~363).

RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.16 and traded as high as $14.59. RF Industries shares last traded at $14.53, with a volume of 128,005 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RFIL. Weiss Ratings upgraded RF Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, April 8th. Wall Street Zen cut shares of RF Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 28th. Zacks Research downgraded shares of RF Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Finally, B. Riley Financial increased their price objective on shares of RF Industries from $10.25 to $11.25 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.25.

RF Industries Trading Up 9.8%

The firm has a market capitalization of $157.07 million, a P/E ratio of 363.34 and a beta of 1.02. The firm has a 50 day moving average price of $11.81 and a 200-day moving average price of $9.16.

RF Industries (NASDAQ:RFIL - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $18.97 million for the quarter, compared to analyst estimates of $18.72 million. RF Industries had a return on equity of 10.54% and a net margin of 0.34%. Research analysts anticipate that RF Industries, Ltd. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On RF Industries

A number of large investors have recently made changes to their positions in RFIL. Global Retirement Partners LLC bought a new position in RF Industries during the 3rd quarter valued at about $44,000. Goldman Sachs Group Inc. bought a new stake in RF Industries in the first quarter worth about $56,000. PFG Investments LLC purchased a new position in shares of RF Industries during the fourth quarter valued at approximately $64,000. Heron Bay Capital Management boosted its position in shares of RF Industries by 26.1% during the third quarter. Heron Bay Capital Management now owns 13,117 shares of the electronics maker's stock valued at $108,000 after buying an additional 2,711 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of RF Industries during the fourth quarter valued at approximately $128,000. 23.49% of the stock is 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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