RF Industries (NASDAQ:RFIL) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

RF Industries (NASDAQ:RFIL) issued its quarterly earnings results on Thursday. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02), Zacks reports. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%.

RF Industries Trading Up 10.9 %

Shares of RFIL traded up $0.45 during midday trading on Thursday, hitting $4.56. The stock had a trading volume of 123,828 shares, compared to its average volume of 14,521. The business has a 50-day simple moving average of $4.00 and a two-hundred day simple moving average of $3.94. The firm has a market cap of $47.83 million, a P/E ratio of -6.61 and a beta of 0.99. RF Industries has a fifty-two week low of $2.84 and a fifty-two week high of $4.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on RF Industries in a research note on Monday. They set a “hold” rating for the company.

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.