RF Industries (NASDAQ:RFIL) Posts Earnings Results, Hits Expectations

RF Industries (NASDAQ:RFIL) issued its quarterly earnings results on Monday. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06), Yahoo Finance reports. RF Industries had a negative return on equity of 2.60% and a negative net margin of 4.87%. The firm had revenue of $13.46 million for the quarter, compared to analyst estimates of $14.49 million. During the same period last year, the company earned ($0.02) EPS.

RF Industries Trading Up 0.3 %

NASDAQ:RFIL traded up $0.01 during mid-day trading on Wednesday, reaching $3.06. The company’s stock had a trading volume of 312 shares, compared to its average volume of 5,977. The company’s fifty day simple moving average is $3.16 and its two-hundred day simple moving average is $2.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.88 and a quick ratio of 1.38. RF Industries has a twelve month low of $2.51 and a twelve month high of $5.08. The stock has a market cap of $31.64 million, a P/E ratio of -9.84 and a beta of 0.95.

Analyst Ratings Changes

Separately, StockNews.com began coverage on RF Industries in a research note on Friday, March 15th. They issued a “hold” rating on the stock.

Institutional Trading of RF Industries

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of RF Industries by 9.3% in the 1st quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,496 shares in the last quarter. Worth Venture Partners LLC lifted its stake in shares of RF Industries by 10.3% in the 1st quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after purchasing an additional 12,000 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of RF Industries by 70.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,017,650 shares of the electronics maker’s stock valued at $4,478,000 after purchasing an additional 420,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of RF Industries by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 371,123 shares of the electronics maker’s stock valued at $1,128,000 after purchasing an additional 15,174 shares in the last quarter. 33.13% of the stock is owned by institutional investors and hedge funds.

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.