RF Industries (NASDAQ:RFIL) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of RF Industries (NASDAQ:RFIL) in a report released on Monday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, B. Riley boosted their target price on shares of RF Industries from $4.25 to $4.50 and gave the company a buy rating in a research note on Tuesday, September 17th.

RF Industries Price Performance

RFIL stock opened at $3.62 on Monday. The firm has a market capitalization of $37.97 million, a P/E ratio of -4.64 and a beta of 0.99. RF Industries has a 52-week low of $2.51 and a 52-week high of $4.65. The company’s 50 day simple moving average is $3.78 and its 200-day simple moving average is $3.43.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.