RF Industries (NASDAQ:RFIL) Coverage Initiated at Lake Street Capital

Investment analysts at Lake Street Capital assumed coverage on shares of RF Industries (NASDAQ:RFIL) in a research note issued on Thursday. The firm set a “buy” rating and a $19.00 price target on the electronics maker’s stock. Lake Street Capital’s price target would suggest a potential upside of 44.49% from the stock’s current price.

A number of other research analysts have also weighed in on RFIL. Weiss Ratings lowered shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen cut RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, B. Riley Financial raised their target price on RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.50.

RF Industries Stock Performance

Shares of RF Industries stock opened at $13.15 on Thursday. The stock has a market capitalization of $142.65 million, a P/E ratio of 93.94 and a beta of 1.29. RF Industries has a 52-week low of $5.54 and a 52-week high of $22.30. The stock’s 50-day simple moving average is $15.94 and its 200 day simple moving average is $13.98.

RF Industries (NASDAQ:RFIL) last issued its earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. The firm had revenue of $20.69 million during the quarter, compared to analyst estimates of $19.67 million. Equities research analysts forecast that RF Industries will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RFIL. PFG Investments LLC bought a new stake in RF Industries during the fourth quarter valued at approximately $64,000. Goldman Sachs Group Inc. bought a new position in RF Industries in the first quarter valued at $56,000. OMERS ADMINISTRATION Corp purchased a new position in shares of RF Industries in the 1st quarter worth about $131,000. Centiva Capital LP purchased a new position in shares of RF Industries in the 3rd quarter worth about $144,000. Finally, Bank of New York Mellon Corp bought a new position in shares of RF Industries during the 2nd quarter valued at about $397,000. Institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.