RF Industries (NASDAQ:RFIL) Upgraded at Zacks Research

RF Industries (NASDAQ:RFIL) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen upgraded RF Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Weiss Ratings upgraded RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, B. Riley Financial increased their target price on RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RF Industries currently has an average rating of “Moderate Buy” and an average target price of $18.00.

RF Industries Trading Down 0.6%

Shares of RF Industries stock opened at $13.02 on Wednesday. The stock’s fifty day simple moving average is $17.51 and its 200 day simple moving average is $13.54. The company has a market capitalization of $141.27 million, a PE 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 posted its earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. RF Industries had a return on equity of 12.79% and a net margin of 1.70%.The firm had revenue of $20.69 million during the quarter, compared to analysts’ expectations of $19.67 million. Analysts predict that RF Industries will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On RF Industries

A number of large investors have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. raised its stake in shares of RF Industries by 9.2% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock valued at $5,070,000 after purchasing an additional 74,091 shares during the period. Vanguard Group Inc. lifted its holdings in shares of RF Industries by 5.5% in the third quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after purchasing an additional 20,536 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RF Industries by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock worth $1,397,000 after buying an additional 13,349 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of RF Industries by 58.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock worth $1,228,000 after buying an additional 78,144 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of RF Industries during the third quarter worth about $1,651,000. Institutional investors own 23.49% of the company’s stock.

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.