RF Industries (NASDAQ:RFIL) Downgraded to “Hold” Rating by Zacks Research

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

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

RF Industries Stock Performance

Shares of RFIL opened at $11.69 on Monday. The stock has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $8.21. RF Industries has a 52-week low of $3.39 and a 52-week high of $13.54. The firm has a market capitalization of $126.37 million, a PE ratio of 292.32 and a beta of 0.99.

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

Institutional Trading of RF Industries

A number of institutional investors have recently made changes to their positions in RFIL. XTX Topco Ltd boosted its holdings in RF Industries by 26.9% during the fourth quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock worth $146,000 after purchasing an additional 5,350 shares during the last quarter. Quadrature Capital Ltd bought a new position in RF Industries in the fourth quarter valued at $190,000. Man Group plc acquired a new stake in RF Industries in the 4th quarter valued at $154,000. Bridgeway Capital Management LLC lifted its position in RF Industries by 30.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 86,696 shares of the electronics maker’s stock worth $501,000 after buying an additional 20,020 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in RF Industries during the 4th quarter worth about $128,000. Institutional investors own 23.49% of the company’s stock.

About RF Industries

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.