RF Industries (NASDAQ:RFIL) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, B. Riley dropped their price target on shares of RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th.

RF Industries Price Performance

NASDAQ RFIL traded up $0.05 on Thursday, hitting $2.95. 2,872 shares of the company traded hands, compared to its average volume of 6,072. The business’s 50 day moving average price is $3.09 and its 200-day moving average price is $2.98. RF Industries has a 52-week low of $2.51 and a 52-week high of $5.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.32.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, March 18th. The electronics maker reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $14.49 million. RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. During the same period in the previous year, the firm earned ($0.02) EPS. On average, equities analysts expect that RF Industries will post -0.12 earnings per share for the current fiscal year.

RF Industries Company Profile

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.