RF Industries (NASDAQ:RFIL - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "strong-buy" rating in a research report issued to clients and investors on Friday.
RF Industries Stock Performance
Shares of NASDAQ:RFIL traded up $0.31 during mid-day trading on Friday, reaching $7.03. 338,179 shares of the company's stock were exchanged, compared to its average volume of 39,153. RF Industries has a twelve month low of $3.27 and a twelve month high of $7.61. The business's fifty day moving average price is $5.20 and its 200-day moving average price is $4.66. The firm has a market capitalization of $75.01 million, a price-to-earnings ratio of -54.08 and a beta of 0.78.
Hedge Funds Weigh In On RF Industries
A number of large investors have recently added to or reduced their stakes in RFIL. Wealthedge Investment Advisors LLC bought a new stake in shares of RF Industries in the 4th quarter worth approximately $84,000. Dimensional Fund Advisors LP increased its stake in RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock worth $906,000 after buying an additional 2,062 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in RF Industries in the 1st quarter worth approximately $56,000. Finally, Bailard Inc. purchased a new position in shares of RF Industries during the first quarter valued at about $126,000. Hedge funds and other institutional investors own 23.49% of the company's stock.
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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