RF Industries (NASDAQ:RFIL) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of RF Industries (NASDAQ:RFIL) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on RFIL. Weiss Ratings upgraded shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. B. Riley Financial boosted their target price on shares of RF Industries from $10.25 to $11.25 and gave the company a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, RF Industries currently has an average rating of “Hold” and a consensus target price of $11.25.

RF Industries Stock Performance

Shares of NASDAQ:RFIL opened at $11.69 on Monday. The firm has a market cap of $126.37 million, a price-to-earnings ratio of 292.32 and a beta of 0.99. The business has a 50-day simple moving average of $10.41 and a two-hundred day simple moving average of $8.21. RF Industries has a fifty-two week low of $3.39 and a fifty-two week high of $13.54.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. RF Industries had a net margin of 0.34% and a return on equity of 10.54%. The firm had revenue of $18.97 million for the quarter, compared to the consensus estimate of $18.72 million. As a group, research analysts predict that RF Industries will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On RF Industries

Several institutional investors have recently made changes to their positions in the business. XTX Topco Ltd boosted its holdings in shares of RF Industries by 26.9% in the fourth quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock worth $146,000 after buying an additional 5,350 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in RF Industries during the fourth quarter valued at approximately $190,000. Man Group plc purchased a new stake in RF Industries during the fourth quarter valued at approximately $154,000. Bridgeway Capital Management LLC raised its position in RF Industries by 30.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 86,696 shares of the electronics maker’s stock worth $501,000 after acquiring an additional 20,020 shares during the period. Finally, Trexquant Investment LP bought a new position in RF Industries in the fourth quarter worth approximately $128,000. 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.