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RF Industries (NASDAQ:RFIL) Upgraded at Wall Street Zen

RF Industries logo with Computer and Technology background

RF Industries (NASDAQ:RFIL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "strong-buy" rating in a report released on Friday.

RF Industries Stock Performance

RFIL traded up $0.96 during midday trading on Friday, reaching $8.51. 1,084,228 shares of the company were exchanged, compared to its average volume of 44,730. RF Industries has a one year low of $3.27 and a one year high of $8.67. The stock has a market capitalization of $90.80 million, a P/E ratio of -65.46 and a beta of 0.78. The stock's 50-day simple moving average is $5.20 and its 200 day simple moving average is $4.66.

Institutional Investors Weigh In On RF Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of RF Industries during the 1st quarter worth approximately $56,000. Wealthedge Investment Advisors LLC bought a new position in shares of RF Industries during the 4th quarter worth approximately $84,000. Bailard Inc. bought a new position in shares of RF Industries during the 1st quarter worth approximately $126,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of RF Industries by 0.9% during the 4th 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 period. Institutional investors and hedge funds 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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