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

RF Industries (NASDAQ:RFIL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. B. Riley Financial upgraded shares of RF Industries from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $18.00 to $15.00 in a research report on Friday. Wall Street Zen downgraded shares of RF Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Lake Street Capital began coverage on RF Industries in a research note on Thursday, August 13th. They set a “buy” rating and a $19.00 target price for the company. Finally, Weiss Ratings downgraded RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

RF Industries Stock Down 0.6%

RFIL opened at $11.18 on Thursday. 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 $15.26 and a 200 day simple moving average of $14.05. The stock has a market capitalization of $121.30 million, a price-to-earnings ratio of 79.86 and a beta of 1.29.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $20.69 million for the quarter, compared to the consensus estimate 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. Goldman Sachs Group Inc. bought a new stake in shares of RF Industries during the 1st quarter valued at approximately $56,000. Trexquant Investment LP acquired a new position in RF Industries during the 4th quarter worth approximately $128,000. OMERS ADMINISTRATION Corp bought a new position in RF Industries in the 1st quarter valued at approximately $131,000. Essex Investment Management Co. LLC bought a new position in RF Industries in the 4th quarter valued at approximately $142,000. Finally, Centiva Capital LP acquired a new stake in RF Industries in the third quarter valued at approximately $144,000. 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.