RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.87 and traded as high as $8.45. RF Industries shares last traded at $7.71, with a volume of 256,377 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of RF Industries to a "strong-buy" rating in a research report on Friday, July 18th.
Check Out Our Latest Research Report on RF Industries
RF Industries Stock Performance
The firm has a market cap of $84.33 million, a PE ratio of -60.77 and a beta of 0.82. The stock's 50 day simple moving average is $6.02 and its 200 day simple moving average is $4.95.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new position in shares of RF Industries in the 1st quarter worth about $56,000. Wealthedge Investment Advisors LLC increased its stake in RF Industries by 171.1% during the 1st 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 in the last quarter. Bailard Inc. bought a new stake in RF Industries during the 1st quarter valued at about $126,000. Finally, Dimensional Fund Advisors LP increased its stake in RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock valued at $906,000 after purchasing an additional 2,062 shares in 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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