RF Industries (NASDAQ:RFIL) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of RF Industries (NASDAQ:RFIL) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

RFIL has been the topic of several other reports. B. Riley Financial increased their price objective on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, June 16th. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

RF Industries Stock Down 4.3%

Shares of RF Industries stock opened at $12.46 on Friday. RF Industries has a twelve month low of $5.54 and a twelve month high of $22.30. The business has a 50-day moving average price of $17.40 and a 200 day moving average price of $13.53. The firm has a market cap of $135.20 million, a PE ratio of 89.01 and a beta of 1.27.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. RF Industries had a return on equity of 12.79% and a net margin of 1.70%.The company had revenue of $20.69 million during the quarter, compared to analysts’ expectations of $19.67 million. On average, sell-side analysts expect that RF Industries will post 0.59 EPS for the current year.

Institutional Investors Weigh In On RF Industries

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in RF Industries during the 1st quarter valued at about $56,000. Vanguard Group Inc. boosted its holdings in shares of RF Industries by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock worth $3,223,000 after purchasing an additional 20,536 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of RF Industries during the 3rd quarter worth approximately $1,651,000. Bridgeway Capital Management LLC grew its position in shares of RF Industries by 38.1% in the third quarter. Bridgeway Capital Management LLC now owns 66,676 shares of the electronics maker’s stock valued at $549,000 after purchasing an additional 18,380 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of RF Industries in the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.