RF Industries (NASDAQ:RFIL) Rating Lowered to Hold at Zacks Research

RF Industries (NASDAQ:RFIL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. B. Riley Financial upgraded shares of RF Industries from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $18.00 to $15.00 in a research report on Friday. Wall Street Zen lowered shares of RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Lake Street Capital started coverage on shares of RF Industries in a research report on Thursday, August 13th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Weiss Ratings cut shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RF Industries has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

RF Industries Price Performance

Shares of RFIL stock opened at $11.18 on Thursday. The stock has a market capitalization of $121.30 million, a PE ratio of 79.86 and a beta of 1.29. The business’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $14.05. RF Industries has a one year low of $5.54 and a one year high of $22.30.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, research analysts expect that RF Industries will post 0.59 earnings per share for the current year.

Institutional Trading of RF Industries

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in shares of RF Industries in the 1st quarter valued at $56,000. Trexquant Investment LP bought a new position in RF Industries during the fourth quarter worth $128,000. OMERS ADMINISTRATION Corp acquired a new stake in RF Industries in the first quarter worth $131,000. Essex Investment Management Co. LLC bought a new stake in RF Industries in the fourth quarter valued at $142,000. Finally, Centiva Capital LP bought a new stake in RF Industries in the third quarter valued at $144,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

About RF Industries

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.