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

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report published on Wednesday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley decreased their price objective 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 Stock Performance

Shares of RFIL stock opened at $2.95 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.91 and a debt-to-equity ratio of 0.26. RF Industries has a 52 week low of $2.51 and a 52 week high of $5.08. The stock has a market capitalization of $30.98 million, a PE ratio of -9.52 and a beta of 0.94. The firm has a 50 day moving average of $3.12 and a two-hundred day moving average of $2.98.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, March 18th. The electronics maker reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). RF Industries had a negative net margin of 4.87% and a negative return on equity of 2.63%. The company had revenue of $13.46 million during the quarter, compared to analysts’ expectations of $14.49 million. During the same quarter last year, the company posted ($0.02) EPS. On average, research analysts predict that RF Industries will post -0.12 EPS for the current fiscal year.

About RF Industries

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.