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

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research report sent to investors on Sunday morning. The firm 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 stock a “buy” rating in a research report on Tuesday, September 17th.

RF Industries Stock Performance

NASDAQ RFIL opened at $3.87 on Friday. The stock has a market capitalization of $40.61 million, a PE ratio of -5.61 and a beta of 0.99. The stock has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $3.92. RF Industries has a twelve month low of $2.84 and a twelve month high of $4.65.

Insider Activity at RF Industries

In other RF Industries news, Director Mark Keith Holdsworth acquired 7,009 shares of RF Industries stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $4.00 per share, with a total value of $28,036.00. Following the acquisition, the director now owns 91,953 shares of the company’s stock, valued at approximately $367,812. The trade was a 8.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 225,737 shares of the electronics maker’s stock after buying an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Institutional investors own 23.49% of the company’s stock.

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.