Posted by admin on Jun 30th, 2022
Shares of RF Industries, Ltd. (NASDAQ:RFIL – Get Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.87 and traded as low as $6.12. RF Industries shares last traded at $6.16, with a volume of 1,849 shares.
A number of brokerages recently weighed in on RFIL. B. Riley dropped their price objective on RF Industries from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, March 14th. StockNews.com assumed coverage on RF Industries in a report on Thursday. They issued a “hold” rating on the stock.
The company has a quick ratio of 1.53, a current ratio of 2.85 and a debt-to-equity ratio of 0.36. The company has a market cap of $62.33 million, a price-to-earnings ratio of 32.42 and a beta of 1.14. The company has a fifty day simple moving average of $6.30 and a two-hundred day simple moving average of $6.87.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,496 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of RF Industries by 26.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 59,041 shares of the electronics maker’s stock valued at $472,000 after acquiring an additional 12,220 shares during the last quarter. Worth Venture Partners LLC boosted its stake in shares of RF Industries by 10.3% during the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 12,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RF Industries by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 404,689 shares of the electronics maker’s stock valued at $3,266,000 after acquiring an additional 6,956 shares during the last quarter. Finally, AIGH Capital Management LLC boosted its stake in shares of RF Industries by 3.4% during the first quarter. AIGH Capital Management LLC now owns 512,037 shares of the electronics maker’s stock valued at $3,692,000 after acquiring an additional 17,000 shares during the last quarter. 37.17% of the stock is currently owned by institutional investors and hedge funds.
RF Industries Company Profile (NASDAQ:RFIL)
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.
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