RF Industries (NASDAQ:RFIL) Upgraded at B. Riley Financial

B. Riley Financial upgraded shares of RF Industries (NASDAQ:RFIL) from a neutral rating to a buy rating in a research report released on Friday morning, MarketBeat Ratings reports. They currently have $15.00 target price on the electronics maker’s stock, down from their previous target price of $18.00.

Several other research analysts also recently commented on the company. Zacks Research raised RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Lake Street Capital initiated coverage on shares of RF Industries in a report on Thursday, August 13th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Weiss Ratings cut shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

RF Industries Price Performance

NASDAQ:RFIL opened at $11.18 on Friday. RF Industries has a one year low of $5.54 and a one year high of $22.30. The business has a fifty day moving average price of $15.26 and a 200-day moving average price of $14.07. The firm 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 released its earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. RF Industries had a return on equity of 12.79% and a net margin of 1.70%.The company had revenue of $20.69 million for the quarter, compared to the consensus estimate of $19.67 million. On average, equities research analysts expect that RF Industries will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Several hedge funds have recently modified their holdings of RFIL. Goldman Sachs Group Inc. bought a new position in shares of RF Industries during the first quarter worth $56,000. Trexquant Investment LP bought a new stake in RF Industries in the 4th quarter valued at $128,000. OMERS ADMINISTRATION Corp bought a new stake in RF Industries in the 1st quarter valued at $131,000. Essex Investment Management Co. LLC bought a new stake in RF Industries in the 4th quarter valued at $142,000. Finally, Centiva Capital LP purchased a new stake in RF Industries in the 3rd quarter worth $144,000. Hedge funds and other 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.