StockNews.com Begins Coverage on RF Industries (NASDAQ:RFIL)

StockNews.com started coverage on shares of RF Industries (NASDAQ:RFIL) in a research note released on Monday. The firm issued a hold rating on the electronics maker’s stock.

Separately, B. Riley raised their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

RF Industries Trading Up 4.3 %

NASDAQ:RFIL opened at $4.11 on Monday. The company has a 50-day moving average of $4.00 and a 200-day moving average of $3.94. The firm has a market cap of $43.13 million, a price-to-earnings ratio of -5.96 and a beta of 0.99. RF Industries has a twelve month low of $2.84 and a twelve month high of $4.65.

Institutional Investors Weigh In On RF Industries

An institutional investor recently raised its position in RF Industries stock. Geode Capital Management LLC lifted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,846 shares of the electronics maker’s stock after purchasing an additional 9,863 shares during the quarter. Geode Capital Management LLC owned 0.80% of RF Industries worth $342,000 as of its most recent filing with the Securities & Exchange Commission. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

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.