RF Industries (NASDAQ:RFIL) Stock Crosses Below 200-Day Moving Average – Should You Sell?

RF Industries, Ltd. (NASDAQ:RFIL)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $13.77 and traded as low as $7.72. RF Industries shares last traded at $7.92, with a volume of 585,124 shares trading hands.

Analyst Upgrades and Downgrades

RFIL has been the subject of several research analyst reports. B. Riley Financial cut their price target on RF Industries from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 15th. Lake Street Capital reduced their price target on shares of RF Industries from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. 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. Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

RF Industries Price Performance

The business has a 50-day moving average of $10.66 and a 200-day moving average of $13.76. The company has a market capitalization of $90.91 million, a P/E ratio of 37.78 and a beta of 1.34.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, September 14th. The electronics maker reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $23.96 million for the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a net margin of 2.83% and a return on equity of 15.32%. Sell-side analysts predict that RF Industries, Ltd. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of RF Industries by 257.2% during the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker’s stock worth $866,000 after acquiring an additional 60,503 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in RF Industries by 9.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock worth $5,070,000 after purchasing an additional 74,091 shares during the period. Walleye Capital LLC purchased a new stake in shares of RF Industries during the first quarter valued at $731,000. Engineers Gate Manager LP grew its holdings in shares of RF Industries by 28.4% in the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock worth $451,000 after purchasing an additional 4,697 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in RF Industries in the 2nd quarter worth about $397,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Ltd. (NASDAQ: RFIL) designs, manufactures and distributes products used to build and maintain wireless communications and broadband infrastructure. Its offerings support cellular, telecommunications, public safety, data communications and other radio-frequency applications.

The company’s product portfolio includes RF connectors, coaxial cable assemblies, jumper cables, antennas, power-distribution equipment, enclosures and other infrastructure components. RF Industries also provides integrated systems and custom-engineered solutions for communications networks, including products used in wireless base stations, distributed antenna systems and in-building coverage applications.

RF Industries serves telecommunications carriers, wireless infrastructure providers, original equipment manufacturers, value-added distributors, government agencies and other industrial customers.