RF Industries (NASDAQ:RFIL) Stock Passes Below Two Hundred Day Moving Average of $7.26

RF Industries, Ltd. (NASDAQ:RFILGet Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.26 and traded as low as $6.56. RF Industries shares last traded at $6.64, with a volume of 3,302 shares trading hands.

RFIL has been the topic of a number of research analyst reports. B. Riley reduced their target price on RF Industries from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, March 14th. Zacks Investment Research raised RF Industries from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Friday, March 18th. Finally, StockNews.com initiated coverage on RF Industries in a research note on Wednesday. They set a “hold” rating for the company.

The company has a market cap of $66.13 million, a price-to-earnings ratio of 10.56 and a beta of 1.14. The company has a fifty day moving average of $6.95 and a two-hundred day moving average of $7.25.

RF Industries (NASDAQ:RFILGet Rating) last posted its earnings results on Thursday, March 17th. The electronics maker reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. RF Industries had a return on equity of 5.95% and a net margin of 9.82%. The firm had revenue of $16.92 million during the quarter, compared to the consensus estimate of $15.84 million. During the same period last year, the company earned ($0.04) earnings per share. Equities analysts predict that RF Industries, Ltd. will post 0.32 earnings per share for the current fiscal year.

In other RF Industries news, Director Mark Keith Holdsworth acquired 50,000 shares of RF Industries stock in a transaction that occurred on Tuesday, March 29th. The shares were bought at an average price of $7.20 per share, with a total value of $360,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of RF Industries by 9.9% in the 4th quarter. BlackRock Inc. now owns 157,668 shares of the electronics maker’s stock worth $1,261,000 after acquiring an additional 14,171 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in RF Industries by 26.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 59,041 shares of the electronics maker’s stock worth $472,000 after purchasing an additional 12,220 shares in the last quarter. Citadel Advisors LLC lifted its stake in RF Industries by 323.8% in the third quarter. Citadel Advisors LLC now owns 25,517 shares of the electronics maker’s stock valued at $206,000 after buying an additional 36,917 shares during the period. Dimensional Fund Advisors LP lifted its stake in RF Industries by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 404,689 shares of the electronics maker’s stock valued at $3,266,000 after buying an additional 6,956 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of RF Industries by 16.6% during the 3rd quarter. Geode Capital Management LLC now owns 69,052 shares of the electronics maker’s stock worth $557,000 after buying an additional 9,848 shares in the last quarter. Institutional investors own 37.68% of the company’s stock.

RF Industries Company Profile (NASDAQ:RFIL)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.

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