RF Industries (NASDAQ:RFIL) Raised to “Strong-Buy” at Zacks Research

RF Industries (NASDAQ:RFIL) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

RFIL has been the topic of a number of other reports. Wall Street Zen raised shares of RF Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. B. Riley Financial increased their price objective on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

RF Industries Trading Down 0.6%

Shares of NASDAQ:RFIL opened at $13.02 on Wednesday. The business has a 50-day moving average price of $17.51 and a 200 day moving average price of $13.54. The company has a market capitalization of $141.27 million, a price-to-earnings ratio of 93.01 and a beta of 1.27. RF Industries has a 12-month low of $5.54 and a 12-month high of $22.30.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $20.69 million for the quarter, compared to analyst estimates of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. As a group, equities research analysts predict that RF Industries will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Several institutional investors have recently modified their holdings of RFIL. State Street Corp increased its position in shares of RF Industries by 6.4% during the fourth quarter. State Street Corp now owns 38,484 shares of the electronics maker’s stock worth $222,000 after acquiring an additional 2,300 shares during the period. Geode Capital Management LLC raised its stake in shares of RF Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 103,152 shares of the electronics maker’s stock valued at $596,000 after acquiring an additional 2,718 shares in the last quarter. XTX Topco Ltd boosted its holdings in RF Industries by 26.9% in the fourth quarter. XTX Topco Ltd now owns 25,227 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 5,350 shares during the period. PFG Investments LLC purchased a new position in RF Industries in the fourth quarter valued at $64,000. Finally, Goldman Sachs Group Inc. acquired a new position in RF Industries during the 1st quarter worth $56,000. 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.