RF Industries (NASDAQ:RFIL) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of RF Industries (NASDAQ:RFIL) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

RFIL has been the topic of several other research reports. B. Riley Financial increased their price target on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of RF Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings upgraded RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

RF Industries Stock Down 0.6%

RFIL opened at $13.02 on Wednesday. The stock has a market capitalization of $141.27 million, a price-to-earnings ratio of 93.01 and a beta of 1.27. RF Industries has a twelve month low of $5.54 and a twelve month high of $22.30. The company has a 50-day simple moving average of $17.51 and a 200 day simple moving average of $13.54.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $20.69 million for the quarter, compared to analyst estimates of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. Sell-side analysts anticipate that RF Industries will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management boosted its stake in shares of RF Industries by 68.0% in the 4th quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock valued at $889,000 after purchasing an additional 62,279 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in RF Industries by 9.2% during the 4th 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. Bailard Inc. increased its position in RF Industries by 133.0% during the 4th quarter. Bailard Inc. now owns 36,625 shares of the electronics maker’s stock worth $212,000 after purchasing an additional 20,908 shares in the last quarter. PFG Investments LLC bought a new position in RF Industries in the 4th quarter valued at approximately $64,000. Finally, Sei Investments Co. lifted its stake in RF Industries by 257.2% in the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker’s stock valued at $866,000 after purchasing an additional 60,503 shares during the last quarter. 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.