RF Industries, Ltd. (RFIL) Issues Quarterly Earnings Results
RF Industries, Ltd. (NASDAQ:RFIL) issued its quarterly earnings data on Tuesday. The electronics maker reported $0.02 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $7.81 million for the quarter. RF Industries had a negative net margin of 9.78% and a negative return on equity of 5.79%.
Shares of RF Industries (NASDAQ RFIL) opened at 2.00 on Thursday. The firm’s 50-day moving average is $1.84 and its 200 day moving average is $1.68. RF Industries has a 52 week low of $1.40 and a 52 week high of $2.15. The company’s market capitalization is $17.67 million.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.08 annualized dividend and a yield of 4.00%. RF Industries’s dividend payout ratio is -24.24%.
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In other RF Industries news, Director William Reynolds sold 16,763 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1.92, for a total value of $32,184.96. Following the transaction, the director now directly owns 68,870 shares of the company’s stock, valued at approximately $132,230.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.00% of the stock is owned by company insiders.
About RF Industries
RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).
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