RF Industries (NASDAQ:RFIL) Shares Pass Below 200 Day Moving Average – Should You Sell?

RF Industries, Ltd. (NASDAQ:RFIL)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.95 and traded as low as $5.96. RF Industries shares last traded at $6.0350, with a volume of 11,582 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on RFIL. Zacks Research downgraded RF Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of RF Industries in a report on Wednesday, October 8th. Finally, B. Riley lifted their target price on shares of RF Industries from $6.25 to $9.25 and gave the stock a “buy” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, RF Industries presently has an average rating of “Hold” and a consensus price target of $9.25.

RF Industries Stock Down 0.7%

The firm has a market cap of $63.79 million, a price-to-earnings ratio of -299.00 and a beta of 0.95. The business has a 50 day moving average of $6.63 and a 200 day moving average of $6.96.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Tuesday, May 23rd. The electronics maker reported $0.07 earnings per share for the quarter. RF Industries had a negative net margin of 0.44% and a positive return on equity of 5.20%. The firm had revenue of $16.92 million during the quarter. Research analysts predict that RF Industries, Ltd. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On RF Industries

Large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in shares of RF Industries in the 3rd quarter worth $44,000. Goldman Sachs Group Inc. acquired a new stake in RF Industries during the first quarter worth about $56,000. Heron Bay Capital Management purchased a new position in shares of RF Industries in the 2nd quarter worth about $67,000. Bailard Inc. purchased a new position in shares of RF Industries in the 3rd quarter worth about $129,000. Finally, Centiva Capital LP acquired a new position in shares of RF Industries in the 3rd quarter valued at about $144,000. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.