RF Industries (NASDAQ:RFIL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of RF Industries, Ltd. (NASDAQ:RFIL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.31 and traded as high as $15.80. RF Industries shares last traded at $15.28, with a volume of 182,868 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RFIL shares. Wall Street Zen cut shares of RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. B. Riley Financial lifted their price objective on shares of RF Industries from $10.25 to $11.25 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings cut shares of RF Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Zacks Research cut shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RF Industries has a consensus rating of “Reduce” and a consensus price target of $11.25.

RF Industries Trading Up 2.5%

The company has a market cap of $165.18 million, a price-to-earnings ratio of 382.10 and a beta of 1.25. The firm’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $9.31.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings results on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. RF Industries had a net margin of 0.34% and a return on equity of 10.54%. The company had revenue of $18.97 million during the quarter, compared to analysts’ expectations of $18.72 million. As a group, sell-side analysts expect that RF Industries, Ltd. will post 0.48 EPS for the current year.

Institutional Trading of RF Industries

Several institutional investors have recently modified their holdings of RFIL. Goldman Sachs Group Inc. purchased a new stake in shares of RF Industries during the 1st quarter worth approximately $56,000. Global Retirement Partners LLC purchased a new stake in shares of RF Industries during the 3rd quarter worth approximately $44,000. Ritholtz Wealth Management purchased a new stake in shares of RF Industries during the 3rd quarter worth approximately $754,000. AMH Equity Ltd purchased a new stake in shares of RF Industries during the 3rd quarter worth approximately $1,843,000. Finally, Huntleigh Advisors Inc. purchased a new stake in shares of RF Industries during the 3rd quarter worth approximately $678,000. 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.