RF Industries (NASDAQ:RFIL) Price Target Raised to $4.50

RF Industries (NASDAQ:RFIL) had its target price increased by B. Riley from $4.25 to $4.50 in a report published on Tuesday, Benzinga reports. B. Riley currently has a buy rating on the electronics maker’s stock. B. Riley also issued estimates for RF Industries’ Q4 2024 earnings at $0.04 EPS, FY2024 earnings at ($0.08) EPS and FY2025 earnings at $0.04 EPS.

Separately, StockNews.com started coverage on shares of RF Industries in a research note on Sunday, September 15th. They set a hold rating on the stock.

RF Industries Price Performance

Shares of RFIL stock opened at $3.71 on Tuesday. The firm’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $3.42. RF Industries has a 1-year low of $2.51 and a 1-year high of $4.65. The firm has a market cap of $38.94 million, a P/E ratio of -4.76 and a beta of 0.99.

Institutional Investors Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and 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 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.

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.