RF Industries (NASDAQ:RFIL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RF Industries (NASDAQ:RFIL) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other brokerages also recently weighed in on RFIL. Weiss Ratings upgraded shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Lake Street Capital cut their target price on shares of RF Industries from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, September 15th. Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, B. Riley Financial decreased their target price on shares of RF Industries from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.50.

RF Industries Stock Performance

RFIL opened at $8.01 on Friday. The company’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $13.62. The stock has a market capitalization of $86.91 million, a P/E ratio of 36.41 and a beta of 1.34. RF Industries has a 52-week low of $5.54 and a 52-week high of $22.30.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, September 14th. The electronics maker reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). RF Industries had a return on equity of 15.32% and a net margin of 2.83%. The company had revenue of $23.96 million during the quarter, compared to the consensus estimate of $23.28 million. Research analysts forecast that RF Industries will post 0.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in RF Industries by 257.2% in the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker’s stock worth $866,000 after purchasing an additional 60,503 shares during the period. Punch & Associates Investment Management Inc. lifted its position in RF Industries by 9.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock valued at $5,070,000 after purchasing an additional 74,091 shares in the last quarter. Walleye Capital LLC purchased a new position in RF Industries during the first quarter valued at $731,000. Engineers Gate Manager LP grew its holdings in RF Industries by 28.4% during the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock valued at $451,000 after purchasing an additional 4,697 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in RF Industries during the second quarter valued at about $397,000. 23.49% of the stock is currently owned by institutional investors.

About RF Industries

RF Industries Ltd. (NASDAQ: RFIL) designs, manufactures and distributes products used to build and maintain wireless communications and other electronic infrastructure. The company serves wireless carriers, original equipment manufacturers, system integrators, distributors and government customers, with applications spanning cellular communications, public safety, data communications and private wireless networks.

Its product portfolio includes radio-frequency connectors, coaxial cable assemblies, antennas, combiners, filters, power distribution equipment and other passive RF components.