RF Industries (NASDAQ:RFIL) Shares Pass Above 200 Day Moving Average – Time to Sell?

RF Industries, Ltd. (NASDAQ:RFIL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.61 and traded as high as $4.08. RF Industries shares last traded at $4.04, with a volume of 3,541 shares changing hands.

Analyst Upgrades and Downgrades

RFIL has been the topic of several recent research reports. StockNews.com initiated coverage on RF Industries in a research report on Saturday. They set a “hold” rating on the stock. B. Riley increased their price objective on RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a report on Tuesday, September 17th.

RF Industries Stock Performance

The company has a market cap of $42.37 million, a PE ratio of -5.85 and a beta of 0.99. The stock has a 50 day moving average of $3.92 and a 200-day moving average of $3.61.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Monday, September 16th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $16.84 million during the quarter, compared to analysts’ expectations of $17.84 million. RF Industries had a negative return on equity of 4.28% and a negative net margin of 11.58%. Equities research analysts forecast that RF Industries, Ltd. will post -0.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark Keith Holdsworth acquired 8,800 shares of RF Industries stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average price of $3.97 per share, for a total transaction of $34,936.00. Following the purchase, the director now owns 76,029 shares of the company’s stock, valued at approximately $301,835.13. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought 29,844 shares of company stock worth $119,361 in the last 90 days. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the period. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 as of its most recent SEC filing. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

About RF Industries

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.