RF Industries (NASDAQ:RFIL) Stock Passes Above 200-Day Moving Average – Should You Sell?

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 $9.16 and traded as high as $14.59. RF Industries shares last traded at $14.53, with a volume of 128,005 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RFIL. B. Riley Financial upped their target price on RF Industries from $10.25 to $11.25 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Zacks Research downgraded RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings raised RF Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, RF Industries has an average rating of “Hold” and a consensus price target of $11.25.

RF Industries Price Performance

The stock has a market cap of $159.34 million, a PE ratio of 368.59 and a beta of 1.25. The business has a fifty day moving average of $11.81 and a 200 day moving average of $9.16.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $18.97 million during the quarter, compared to the consensus estimate of $18.72 million. RF Industries had a return on equity of 10.54% and a net margin of 0.34%. On average, equities research analysts expect that RF Industries, Ltd. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RFIL. Global Retirement Partners LLC purchased a new position in RF Industries in the third quarter valued at about $44,000. Goldman Sachs Group Inc. bought a new position in RF Industries during the 1st quarter worth approximately $56,000. PFG Investments LLC bought a new position in RF Industries during the 4th quarter worth approximately $64,000. Heron Bay Capital Management lifted its holdings in RF Industries by 26.1% during the 3rd quarter. Heron Bay Capital Management now owns 13,117 shares of the electronics maker’s stock worth $108,000 after buying an additional 2,711 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in RF Industries during the 4th quarter worth approximately $128,000. Hedge funds and other 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.