RF Industries (NASDAQ:RFIL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

RF Industries, Ltd. (NASDAQ:RFIL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.66 and traded as high as $10.57. RF Industries shares last traded at $9.83, with a volume of 236,910 shares changing hands.

Analysts Set New Price Targets

RFIL has been the topic of a number of research reports. Weiss Ratings upgraded RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, January 15th. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, B. Riley Financial downgraded shares of RF Industries from a “buy” rating to a “neutral” rating and set a $10.25 target price on the stock. in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

RF Industries Trading Down 11.0%

The stock has a market cap of $105.28 million, a P/E ratio of 491.75 and a beta of 1.01. The firm’s fifty day moving average is $8.42 and its 200 day moving average is $7.66.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Wednesday, January 14th. The electronics maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. RF Industries had a net margin of 0.09% and a return on equity of 10.08%. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $19.38 million. Research analysts forecast that RF Industries, Ltd. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of RF Industries by 6.4% in the 4th quarter. State Street Corp now owns 38,484 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 2,300 shares in the last quarter. Heron Bay Capital Management boosted its position in RF Industries by 26.1% in the third quarter. Heron Bay Capital Management now owns 13,117 shares of the electronics maker’s stock valued at $108,000 after buying an additional 2,711 shares in the last quarter. Geode Capital Management LLC grew its stake in RF Industries by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 103,152 shares of the electronics maker’s stock worth $596,000 after buying an additional 2,718 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of RF Industries during the third quarter worth approximately $44,000. Finally, XTX Topco Ltd boosted its holdings in shares of RF Industries by 26.9% in the 4th quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock worth $146,000 after acquiring an additional 5,350 shares in the last quarter. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Company Profile

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.