RF Industries (NASDAQ:RFIL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of RF Industries, Ltd. (NASDAQ:RFIL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.66 and traded as high as $10.57. RF Industries shares last traded at $9.83, with a volume of 236,910 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RFIL. B. Riley Financial lowered RF Industries from a “buy” rating to a “neutral” rating and set a $10.25 target price for the company. in a research report on Thursday. Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings raised RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, RF Industries has an average rating of “Moderate Buy” and a consensus target price of $10.25.

RF Industries Stock Down 5.5%

The company has a market cap of $99.50 million, a PE ratio of 464.73 and a beta of 1.01. The company’s fifty day moving average is $8.48 and its 200-day moving average is $7.68.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Wednesday, January 14th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. RF Industries had a return on equity of 10.08% and a net margin of 0.09%.The business had revenue of $22.69 million during the quarter, compared to the consensus estimate of $19.38 million. Equities research analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. increased its stake in shares of RF Industries by 9.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock worth $5,070,000 after purchasing an additional 74,091 shares in the last quarter. Vanguard Group Inc. grew its holdings in RF Industries by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after buying an additional 20,536 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of RF Industries by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock valued at $1,397,000 after buying an additional 13,349 shares during the last quarter. AMH Equity Ltd purchased a new position in shares of RF Industries in the third quarter worth $1,843,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of RF Industries by 58.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock worth $1,228,000 after acquiring an additional 78,144 shares during the last quarter. 23.49% of the stock is owned by hedge funds and other institutional investors.

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.