RF Industries, Ltd. (NASDAQ:RFIL) Short Interest Update

RF Industries, Ltd. (NASDAQ:RFIL) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a growth of 30.0% from the March 31st total of 1,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RFIL shares. StockNews.com started coverage on RF Industries in a research report on Wednesday. They set a “hold” rating for the company. B. Riley decreased their target price on RF Industries from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th.

RF Industries Stock Performance

Shares of RF Industries stock traded down $0.07 during trading hours on Friday, hitting $2.94. 7,500 shares of the company’s stock traded hands, compared to its average volume of 5,068. RF Industries has a 12-month low of $2.51 and a 12-month high of $5.08. The stock has a market capitalization of $30.87 million, a price-to-earnings ratio of -9.48 and a beta of 0.94. The company has a fifty day simple moving average of $3.12 and a 200-day simple moving average of $2.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.91 and a quick ratio of 1.32.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Monday, March 18th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). RF Industries had a negative return on equity of 2.63% and a negative net margin of 4.87%. The firm had revenue of $13.46 million during the quarter, compared to analyst estimates of $14.49 million. During the same period last year, the firm posted ($0.02) EPS. Equities research analysts anticipate that RF Industries will post -0.12 EPS for the current fiscal year.

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.